Preheader Home Facebook Twitter LinkedIn
 

When you buy auto insurance, usually insurance providers will only insure the car for its actual cash value. The actual cash value is determined by subtracting the depreciation from what the car cost when it was new. In some cases, someone might have to pay more money on their car then what the actual cash value is. This happens especially when you consider how quickly vehicles depreciate in value. So if the vehicle owner totals their car, they end up having to pay the bank money on a car that’s no longer in driving condition.

GAP Insurance was created to cover the amount owed to the bank after the insurance policy pays out. Usually the auto dealer will try to sell you GAP coverage and put it on your car note. While convenient, it can also be expensive and you’ll wind up paying interest on the GAP insurance. In some cases your insurance agent can provide you with GAP insurance for a more reasonable price. Additionally, you won’t have to worry about paying interest on the premiums.

Contact us to learn more about GAP coverage or to get a quote on Minneapolis auto insurance.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
  • Auto Owners Insurance
  • AAA
  • Selective Insurance
  • West Bend Insurance
  • Integrity
  • Progressive Insurance
  • Dairyland Insurance
Local: 651-264-1230|Fax: 651-264-1233 1322 Helmo Ave N|St Paul, MN 55128
Home|Our Products|Customer Service|Payment Options|Report a Claim
About Us|Our Carriers|Partners|Blog|Contact Us
Facebook Twitter LinkedIn
Powered By Insurance Website Builder