Most Recent Auto Insurance Articles in Gap Insurance

  • A new protection for you – GAP insurance

    by Ricky Lawrence

    You are probably thinking that you are already secure just by having automobile insurance for your new car, and you would not have to worry in case your car gets totaled in an accident or gets stolen. Sad to say this, but this is untrue. You will need additional help from other sources, and that is, GAP insurance. Many are unfamiliar with the term GAP insurance mainly because it is seldom talked about in deals. This acronym GAP, stands for … (more) September 23, 2009

  • Why do I need to apply for GAP Insurance?

    by Ricky Lawrence

    Most car owners are unaware that their car’s value depreciates rapidly the moment it leaves the auto company. If a new car gets totaled or stolen, its owner still needs to pay a large portion of his loan, even though he has a comprehensive insurance. The owner will continuously pay out for the auto loan even if he can no longer use the car because of an accident or theft. Because of this, an owner will face a big financial … (more) September 10, 2009

  • Enjoying the Benefits of GAP Insurance

    by Ricky Lawrence

    The only asset that appreciates is land. Sadly, appreciation is the total opposite when it comes to cars because their values depreciate significantly fast. You can even say that the value of cars drop so fast as soon as they are bought and driven off the sales lot. Still, there’s nothing we can do about it, and we are even accepting of the fact that with that depreciation still comes 5 or so years’ worth of monthly payments just to … (more) September 7, 2009