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
  1620 Hits

Search Blogs Module

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