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
  1549 Hits

Search Blogs Module

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