Gap insurance bridges the gap between what you owe on your car and what your car is actually worth. Without gap insurance, you could find yourself in a difficult financial situation, having to continue making payments on a car you no longer have, or even worse, having to pay off the rema...
How Gap Insurance Can Save You Thousands Of Dollars On Your New CarBarry Brenner
Unfortunately, you’re still on the hook for the difference between a car’s value and the amount you owe on it — unless you have gap insurance. What is gap insurance? Gap insurance, or guaranteed asset protection, is an optional coverage that pays the difference between what your vehicle ...
While gap insurance does have its upsides, you may want to get it canceled due to the extra amount of money it costs. And this article will help you with that.
Gap insurance is a type of auto insurance that covers the “gap” between the actual cash value of your vehicle and the remaining balance on your car loan or lease. This coverage is especially important for individuals who have financed their vehicles or are leasing them, as it can protect ...
Gap insurance is a type of auto insurance that you can purchase to protect yourself in case you total your car and the amount of compensation you receive does not fully cover the amount you owe on your financing or lease agreement. If the balance of your car loan is greater than the vehi...
If I cancel my auto insurance, will I get a refund? If you paid your premium in advance and cancel your policy before the end of the term, the insurance company might refund the remaining balance. Most auto insurers will prorate your refund based on the number of days your current policy...
Depending on your state’s regulations, personal injury protection may be mandatory, and it is not available in all states. While these are the most basic car insurance policy coverage types, many other options exist. Some of these include gap insurance, rental reimbursement, accident forgiveness,...
No private mortgage insurance (PMI) requirement: You can avoid PMI on a conventional loan by putting down 20% or more of your down payment using the bridge loan. If you don't put down 20%, PMI is required and raises your mortgage payments. Quick financing: It can be faster to qualify...
Work with the resources you have. When Naomi can’t shoot with models, she finds other ways to be creative, like styling vintage clothing on a dress form. “If styled with care, it can look really great,” she says. Don’t skimp on lighting. “I like using natural light, but that ...