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
  463 Hits
463 Hits

Search Blogs Module

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