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.

Have a great weekend!


Continue reading
  542 Hits
542 Hits

Search Blogs Module

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