Most Recent Auto Insurance Articles in Gap Insurance

• Why You Need Gap Insurance

  by Ricky Lawrence

  This article will talk about gap insurance: what it is, why you need it, and what situations will you need it for. If you got into a significant automobile accident, or if your automobile gets taken, gap car insurance could save you thousands of dollars. Gap insurance is also called “totaled or stolen” automobile insurance. This type of insurance settles the difference between what your car insurance company pays in case your car is totaled or stolen, and the payoff … (more) October 12, 2009

• What Savvy Consumers Need To Know About Gap Insurance

  by Ricky Lawrence

  A lot of people think that their regular car insurance policy can provide them with comprehensive protection. Unfortunately, this is not the case and a lot of motorists can attest to the fact that most regular car premium policies are inadequate to cover expenses related to road accidents, stolen cars and the like. You see, most regular car insurance policies do not cover the difference between actual price of a car and remaining balance of the car loan. For instance, … (more) October 11, 2009

• Avail GAP Insurance Now And Enjoy Its Benefits

  by Ricky Lawrence

  You may encounter finance managers in car dealer shops selling GAP insurance to its consumers. It is an insurance that covers the difference between what you owe on your car and its total value when it is “totaled” in an accident, stolen, or damaged by catastrophes such as flood, fire, or storm. Most car owners who are paying for their cars owe more on their vehicles than their car’s actual value. This is particularly true in trading vehicles you still … (more) October 10, 2009

• About Gap Insurance and Its Benefits

  by Ricky Lawrence

  The value of vehicles depreciates just as fast as an apple falls from a tree. Actually, its value skydives as soon as it is bought and driven out of the sales lot. Well, that is one of the many facts of life that really sucks big time. Yes, automobile value depreciates unbelievably fast and getting involved in a road mishap is the last thing you want to happen. However, what if you figured in an accident five months after you … (more) October 8, 2009

• Protecting Yourself with Gap Insurance

  by Ricky Lawrence

  A car is an asset that depreciates unimaginably fast. In fact, the value of your vehicle nose-dives the moment you purchase and drive it away the dealer’s lot. That is how things go and we can only do little about it. The bigger problem is this: What if your car got involved in an accident just four months after you bought it? Certainly, this will give you a headache of a lifetime. However, take heart, there is this thing called … (more) October 7, 2009

• Protect Yourself with Gap Insurance

  by Ricky Lawrence

  Land is the only asset that appreciates. Value of cars, on the other hand, depreciates significantly fast. In fact, its value plummets as soon as you buy and drive them away the sales lot. Well, it is life, and we cannot do anything about it. However, what if the vehicle you just purchased would be involved in a road accident just a few months (or weeks) after you got it? This is where gap insurance comes into play. Many people … (more) October 6, 2009

• Never a Total Disaster with Gap Insurance

  by Ricky Lawrence

  They that the most frightening accident that could happen to your car is one that leaves it an unmanageable wreck at the time when you have not yet even paid a fourth of its entire price.  This is why, just like many motorists who pay through loans or leases, you usually double your fretting when driving through a busy thoroughfare with a ride that is just fresh out of the car company’s lot. That is understandable, especially if you do … (more) September 30, 2009

• Understanding GAP Insurance

  by Ricky Lawrence

  You have got your car lease deal all set. However, it occurs to you: “What if my car gets involved in an accident?” Technically speaking, the leasing company or manufacturer still owns the car, but you still have to replace it. Even after your car insurance company pays off all damages, carmakers may still hunt you for some dough. This is where gap insurance comes into picture. As its name suggests, this type of insurance covers some things that traditional … (more) September 28, 2009