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
  1596 Hits

Search Blogs Module

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