Wednesday, December 19, 2007
Have you ever bought a new car? Then there is a chance you've heard of Gap Insurance. What is Gap Insurance you ask? Gap insurance will insure you for the difference between what you would owe on a vehicle and what your insurance company says it's worth. (You know, when you buy a new car it depreciates about 10 seconds after you drive off the lot.) If you don't have gap insurance, and you get into an accident right after buying a new vehicle, chances are your insurance won't pay you the replacement cost, they will only pay what the resale value us, and that's often much less than the price new at the dealership. Gap Insurance will pay the difference. If you want more info about Gap Insurance, go to Financegenius.com and look around.