Trending...
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
Nevada Insurance Enrollment Explains How Gap Insurance Protects You From Owing More Than The Value Of Your Car
LAS VEGAS - nvtip -- Imagine having a car declared a total loss because of an accident or theft, but you are still required to make payments on it. Though unfortunate, gap insurance can help.
Your Auto Insurance Policy Might Not Pay Off Your Car Loan
Gap insurance is optional auto insurance coverage that covers the difference between the actual cash value (ACV) and the amount owed on the loan of your car if your car is totaled or stolen. Standard auto insurance covers the current depreciated value of your car. If you're upside down on your loan, (owing more than the car's worth), then you could be forced to pay thousands of dollars for an unusable car. This sadly happens all the time, every day!
We all know new vehicles depreciate in value the minute you drive it off the lot, and the value continues to decline following that moment. This is how most auto owners end up in that gap. While gap insurance isn't necessarily required, it can be a lifesaver in the event that your vehicle is totaled or stolen, and you owe more on your car than what it's worth.
More on nvtip.com
How Does Gap Insurance Work?
Let's say you bought a brand-new car for $20,000 and still owe an average of $14,000 on your auto loan when the car is totaled in an accident. Your coverage will pay up to the totaled car's depreciated value, assuming it's $11,000 and your gap insurance would pay the difference, which is $3,000 in this case.
Read the full article: https://www.nevadainsuranceenrollment.com/should-you-add-gap-insurance-to-auto-insurance-policy/
Learn more: https://www.nevadainsuranceenrollment.com/auto-insurance-las-vegas-nevada/
Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com
Your Auto Insurance Policy Might Not Pay Off Your Car Loan
Gap insurance is optional auto insurance coverage that covers the difference between the actual cash value (ACV) and the amount owed on the loan of your car if your car is totaled or stolen. Standard auto insurance covers the current depreciated value of your car. If you're upside down on your loan, (owing more than the car's worth), then you could be forced to pay thousands of dollars for an unusable car. This sadly happens all the time, every day!
We all know new vehicles depreciate in value the minute you drive it off the lot, and the value continues to decline following that moment. This is how most auto owners end up in that gap. While gap insurance isn't necessarily required, it can be a lifesaver in the event that your vehicle is totaled or stolen, and you owe more on your car than what it's worth.
More on nvtip.com
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
How Does Gap Insurance Work?
Let's say you bought a brand-new car for $20,000 and still owe an average of $14,000 on your auto loan when the car is totaled in an accident. Your coverage will pay up to the totaled car's depreciated value, assuming it's $11,000 and your gap insurance would pay the difference, which is $3,000 in this case.
Read the full article: https://www.nevadainsuranceenrollment.com/should-you-add-gap-insurance-to-auto-insurance-policy/
Learn more: https://www.nevadainsuranceenrollment.com/auto-insurance-las-vegas-nevada/
Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com
Source: Nevada Insurance Enrollment
0 Comments
Latest on nvtip.com
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Inside the Mind of an Investor: What They Look for in a Business Plan
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Pacsun Joins UFC International Fight Week with Exclusive Collection and First-Ever UFC X Activation
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact