Most Recent Auto Insurance Articles in Gap Insurance

• What Every Car Owner Should Know About Gap Insurance Coverage

  by Ricky Lawrence

  Although  car dealers offer gap insurance, many car owners are quite unfamiliar with this type of coverage. More often than not, car owners ignore this type of insurance coverage simply because they do not understand how this type of coverage works. Although most car owners can safely ignore this type of insurance without suffering from severe consequences, some drivers simply cannot do without this type of protection. Who should get gap insurance coverage? Owners of brand new cars need to … (more) November 3, 2009

• The Good Side of GAP Insurance

  by Ricky Lawrence

  GAP insurance should prove very useful if ever you would get into a road mishap, or should someone steal your car. Although it would mean shelling out more cash to pay for it, it will surely be worth it in the end. Being more of a “supporting” kind of contract, GAP insurance actually closes in on the remainder of what you should pay, or balance of the purchase price of your car. It can also be used for any other … (more) October 31, 2009

• Getting Gap Insurance for a New Car

  by Ricky Lawrence

  It is not difficult to get a gap insurance coverage for a newly loaned car.  Usually, the moment you pick your final choice in the auto dealer’s shop, a sales agent immediately hands out a possible coverage option. Since their business is merely selling cars, he may only convince you of getting insurance coverage without further explaining details.  In your excitement to drive a new car out of the shop, it is possible to just sign an insurance deal without … (more) October 28, 2009

• Is GAP Insurance Worth the Additional Payment?

  by Ricky Lawrence

  GAP Insurance, or Guaranteed Asset Protection Insurance, is a coverage that a car owner takes out on his vehicle or car for securing the balance of payment still remaining for the purchase of a brand new vehicle. This is meant to secure an owner’s obligation of having to pay a dealer the outstanding balance, in the amount between actual money paid and amount still to be paid. In case of loss, damage, theft or destruction of a car or vehicle, … (more) October 25, 2009

• Covering Losses with Gap Insurance

  by Ricky Lawrence

  If you already know that your new loaned car immediately depreciates as soon as it rolls out of the seller’s lot, then you will certainly be weaving through traffic with extreme caution.  The specter of accident can surely haunt you and the idea that your car is twenty to thirty percent less than its buying price is indeed frightening.  What if, in spite of your being very careful, you still have a mishap due to someone else’s recklessness? What if … (more) October 24, 2009

• GAP Insurance – The What’s, Why’s And How’s

  by Ricky Lawrence

  Most car or vehicle owners may not know about GAP insurance unless they have already experienced an accident. Then they would sadly ask why no one ever told them about it earlier. For those who are still clueless about GAP, it is an insurance policy on your auto or car loan that takes into effect when the amount you owe on your car is bigger than the money your insurance provider will pay you. Unfortunately, most car dealers do not … (more) October 20, 2009

• GAP Insurance – An Aid In Time Of Trouble

  by Ricky Lawrence

  Auto GAP insurance, or Guaranteed Asset Protection Insurance, is a kind of insurance policy where your assets are totally protected from forfeit. With this type of insurance, your insurance company will pay you for both the value of your car and how much you still owe on it. This insurance is definitely useful because it fills the “gap” that physical car insurance has missed out. If you encountered an accident and you do not have GAP, you will still pay … (more) October 17, 2009

• Why GAP Insurance Coverage Is Necessary

  by Ricky Lawrence

  Did you ever ask yourself what would happen if you got into a road accident one week after you purchased a brand new car? How about one month after? A lot of us think an accident in less that one year after buying a car is far from reality. Reality does not work that way unfortunately, and a lot of people opt not to get Guaranteed Asset Protection, or GAP insurance for their car and end up paying for a … (more) October 16, 2009