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
  409 Hits
409 Hits

Search Blogs Module

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