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
  498 Hits
498 Hits

Search Blogs Module

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