Asset Planning, Inc Blog

The latest from the team.

Gap Insurance

We've come to the realization that not everyone knows what gap insurance is and why it may be a good idea to get it when purchasing a brand new car. Gap insurance is an insurance policy you buy to cover the amount your insurance company will pay out vs. the amount you owe on your car loan, in the case of an accident where your car is totaled. This is an important coverage to consider especially if you are purchasing a brand new car. Car values drop drastically once you drive the vehicle off the lot. By not purchasing the gap insurance you run the risk of owing a lot more than what the car is worth after an insurance payout. That means you would either have to pay off the loan balance yourself or roll it into another vehicle loan which would most likely leave you upside down. Definitely not a good place to be in. Here is an article, written by Joshua Caucutt from Money Crashers, that goes into further detail about gap insurance, how to get it and helps you decide if you need it.

https://www.moneycrashers.com/gap-insurance-cars-worth-it/

Have a great weekend!

Melani

Continue reading
  1062 Hits
1062 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
self-help topics banking Medicare Advantage July 3 rd identity thieves Labor Day https :// privacy notices insurance policies VOIP landline phones account numbers January 10 paper records parking spots Medicare records summer tax returns holidays approach market turmoil Financial Planning Magazine retirement planning trust pet supplies years cell phone service provider portal pets consumer spending 2018 IRA contributions September 8 20 year anniversary cell phone provider birth certificates emergency kits payments Retirement Contribution Limits scams identity theft credit card company Healthcare debt client portal media accounts opt-out Medicare plan spring cleaning Asset Planning June 29 California Lions Friends Part B spam phone tax deadlines National Ice Cream month driver license D premiums vision screening Kraig Mathias retirement accounts increase Economic Security people medications Orange County Superior Court emergency folder items stimulus package wells Fargo fees ice cream event insurance policy Medicare question money COVID -19 virus asset Planning FEMA website app credit card fraud IRS deadline IRA accounts September 30 2020. gap insurance pet donation drive emergency kit non-prescripstion sunglasses clients Kiplinger Letter tax filing deadlines business hours retirement plans Medicare Part B premiums Notary Public TD Ameritrade Charles Schwab Part D premiums . CERTIFIED FINANCIAL PLANNER exam Treasury Department April 15 phone documents estate planning direction earnings fallout integral member executive order family members toilet paper Supplemental Security Income credit score official certification Fox News story October 1 2020. jury duty flash drive July 4 donation counts Puerto Rico home emergency kit CARES Act estate clients show support 70 1/2. coronavirus 2017 TD Ameritrade National LINC Conference cell phone carriers home retirement Victor Dergunov July weekend tax records memorial Day weekend padlock 4 pm -8pm tax deadline car loans Shred paperwork relief efforts vacation Federal Trade Commission website breach phone companies 900 number text messages FSA checklists news coverage pet industry Facebook profile credit monitoring service policy card reader Mobile Banking Security Tips information Facebook 401K chip-enabled EMV cards Brexit vote Auto insurance Social Security Administration Open Enrollment team members DNA test kits credit cards 23 andme clone counterfeits student loans borrowing money interest rates email notifications operations manager ice cream September 9 cell phones estate planning home mortgages Two-Step Verification Erin Nelsen bottom line Orange County https ://seekingalpha assets drive /usb hurricane Dorian 2017 IRA contributions Legal robocalls company Coronavirus Aid home emergency preparedness kits Open House February 14 fun atmosphere tax season investment statements prescription eyeglasses home security blog post web address check lists fun facts Ice Cream Social trustee rescue organizations interest illiegal robocallers Wells Fargo customers disaster areas health care services stock pile phishing sites “ skimmer ”. life saver EEChecklist-Kits.pdf stockpilingchecklist.pdf Amazon Medicare Part B CFP ® ID card phishing scams contribution limit Independence Day pet April 11 IRS cell phone SIM swap scam information Social Security house sitter home break-ins privacy settings Roth IRA offering insurance donation items Joey Gonzales July 6 CA FTB health care costs cell phone carriers offer Expired medications 2017 Equifax breach water … partner /owner markets settlement options credit freeze notary services Flexible Spending Account Wells Fargo employees earthquake app April 18 2017. president Trump spread paperwork clutter Affordable Care Act