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
  815 Hits
815 Hits

Search Blogs Module

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