When is buying gap car insurance a good investment?

When is buying gap car insurance a good investment?
by

1 Answer

Answer :

GAP insurance pays the value of the car minus liens applied to it and only pays in the event of a total loss. If you can get coverage that covers damage (as well as total loss), this would be better. If your liens are substantial in relation to the value of the car, then GAP insurance is not worth it.
by

Related questions

when you pay off a car loan & cancel gap insurance who returns the money for that?

Description : when you pay off a car loan & cancel gap insurance who returns the money for that?

Last Answer : Need Answer

when you pay off a car loan & cancel gap insurance who returns the money for that?

Description : when you pay off a car loan & cancel gap insurance who returns the money for that?

Last Answer : My best guess would be the insurance company would refund any money that paid for coverage time not used.

Does State Farm offer Ohio gap car insurance?

Description : Does State Farm offer Ohio gap car insurance?

Last Answer : According to various sources State Farm doesn't offer gap insurance. Gap insurance is usually offered through the dealership when you purchase your car.

Can I get gap car insurance in Virginia?

Description : Can I get gap car insurance in Virginia?

Last Answer : Yes you can easily get a gap car insurance in Virginia. There are many insurance agencies which provide such insurance. You can visit various insurance agent sites and compare quotes and choose.

Where can I purchase New Jersey gap car insurance online?

Description : Where can I purchase New Jersey gap car insurance online?

Last Answer : Of course it is possible to purchase a New Jersey gap car insurance online! Many of the common and most popular companies include: Geico, Farmer's, Allstate, and Progressive.

Illinois GAP Car Insurance?

Description : Illinois GAP Car Insurance?

Last Answer : One of the problems with a zero-down auto loan is the high initial balance on the contract. This means that for a period of time, Illinois drivers may owe more on their new purchase than the actual ... A brand new car with a $20,000 loan attached may cost the driver about $400 for GAP protection.

Where can I learn more about gap car insurance?

Description : Where can I learn more about gap car insurance?

Last Answer : Gap insurance is designed to give additional coverage so you are not stuck with a bill in case an accident happens in between. You can find out about this at http://www.carinsurance.com/kb/content19664.aspx

What is Gap car insurance?

Description : What is Gap car insurance?

Last Answer : If you don't own your car, but are leasing or making payments, gap insurance protects your vehicle lease or loan. It will also pay your regular insurance deductible in the event of loss.

Which of the following is an investment ? (a) Betting a horse race (b) Buying a new car (c) Building a house (d) Extending a loan

Description : Which of the following is an investment ? (a) Betting a horse race (b) Buying a new car (c) Building a house (d) Extending a loan

Last Answer : (d) Extending a loan

Is car repair insurance a good investment?

Description : Is car repair insurance a good investment?

Last Answer : You're talking about an extended warranty. The short answer? No. Most definitely not. Most extended warranties are a serious waste of money. If you can afford to pay some company a monthly charge ... with their experience where it was worth it to have the warranty; but that would be the exception.

Where can I purchase gap insurance?

Description : Where can I purchase gap insurance?

Last Answer : Yes, there are several companies from whom you can buy gap insurance; some exclusively deal with gap insurance. You may pl try these links- www.carinsurance.com/; http://www.national-gap-insurance.com/; http://www.gapinsurancequotes.com/ , to name a few.

When should a person consider purchasing gap insurance?

Description : When should a person consider purchasing gap insurance?

Last Answer : When the comprehensive coverage has a large gap in coverage. Typically if a medical policy has a large deductible, there s gap insurance available to cover that "gap". Also there is coverage available to cover the "donut hole" in the medicare part d pharmacy b

Is auto gap insurance necessary in Anchorage, AK?

Description : Is auto gap insurance necessary in Anchorage, AK?

Last Answer : Yes, auto gap insurance is necessary in Anchorage, AK

What does Gap insurance use for in Illinois?

Description : What does Gap insurance use for in Illinois?

Last Answer : What is Illinois gap car insurance? Is insurance you can purchase to cover the gap between the cost of repaying your car loan and the amount the insurance company will actually give you for your totaled car.

Decide If Texas Vehicle GAP Insurance Is Needed?

Description : Decide If Texas Vehicle GAP Insurance Is Needed?

Last Answer : A vehicle begins to depreciate in value the moment it is driven off the dealer lot. In fact most insurance adjusters assume a 10 percent decrease in value even if the car has been driven less than 1, ... for the insurance company to process the claim. This does not apply if the car can be repaired.

Gap insurance provider?

Description : Gap insurance provider?

Last Answer : form_title=Find a Gap insurance provider form_header=If you're between jobs, find temporary health insurance. Have you had any accidents in the last 5 years?= () Yes () No What type of insurance are you looking for?=_ Will any family members also be on the insurance plan?= () Yes () No

What types of services does medicare gap insurance cover?

Description : What types of services does medicare gap insurance cover?

Last Answer : It is true that a medicare gap insurance could cover some of the extra expenses that you have. However, it will not cover ALL of your extra expenses.

Where is the best Gap insurance located at?

Description : Where is the best Gap insurance located at?

Last Answer : What insurance you go with is entirely up to you; insurance is all about personal preference. Gap insurance has some lower rates than other companies; make sure you can get Gap insurance in your area by checking their website.

Buying driver's insurance if I don't own a car?

Description : Buying driver's insurance if I don't own a car?

Last Answer : Automobile insurance insures the car. You cannot purchase it without owning a car. Your friends’ policies in all likelihood cover other drivers. If you are not sure, ask.

Buying Temporary Car Insurance In Florida?

Description : Buying Temporary Car Insurance In Florida?

Last Answer : Temporary car insurance can be purchased by Florida residents for one of several reasons. There are situations where a long-term liability policy and collision coverage is simply not needed. This is ... policy but will probably be favorable if the owner already has some form of vehicle protection.

Is buying lotto tickets considered a high risk investment?

Description : Is buying lotto tickets considered a high risk investment?

Last Answer : No. Rather a high risk bet.

Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of 12%. If the earns 10% per annum on his investment, then

Description : Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of 12%. If the earns 10% per annum on his investment, then

Last Answer : Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of ... , then find the market value of each share.

If the investment made in buying 150 shares of a company at Rs. 6 above par is Rs.99,000, then find the face value of each share.

Description : If the investment made in buying 150 shares of a company at Rs. 6 above par is Rs.99,000, then find the face value of each share.

Last Answer : If the investment made in buying 150 shares of a company at Rs. 6 above par is Rs.99,000, then find the face value of each share.

An investment in buying 400 shares of a company at a premium of Rs.2.50 earns an income of `9.6%` per annum. If the rate of dividend paid by the compa

Description : An investment in buying 400 shares of a company at a premium of Rs.2.50 earns an income of `9.6%` per annum. If the rate of dividend paid by the compa

Last Answer : An investment in buying 400 shares of a company at a premium of Rs.2.50 earns an income of `9.6%` ... `12%`, then find the face value of each share.

Ranvir gets `8%` per annum, on his investment made in buying Rs.80 shares of a company for Rs.100 each. What is the rate of dividend, and what is his

Description : Ranvir gets `8%` per annum, on his investment made in buying Rs.80 shares of a company for Rs.100 each. What is the rate of dividend, and what is his

Last Answer : Ranvir gets `8%` per annum, on his investment made in buying Rs.80 shares of a company for ... his annual dividend if he purcheses 500 such shares?

What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Last Answer : All of these options are valid

What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Last Answer : All of these options are valid

Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory abroad where it expects to find oil reserves. C. A tourist purchasing foreign currency to spend on a holiday abroad. D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.

Description : Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory ... D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.

Last Answer : A tourist purchasing foreign currency to spend on a holiday abroad.

A 45-year-old solicitor had an onset of severe, crushing, substernal chest pain while attending a football match. He collapsed on his way to the car. Bystander Cardiorespiratory Resuscitation was begun immediately and continued until arrival in Casualty where an endotracheal tube was inserted and ventilation was maintained on 100% oxygen. Investigations revealed: pH 7.13 PaO2 560 mmHg PaCO2 18 mmHg Bicarbonate 5.8 SaO2 98% Based on these laboratory values, which of the following statements best describes his current pathophysiology? 1) He is demonstrating a primary respiratory alkalosis 2) He probably developed a large right to left intracardiac shunt 3) His anion gap is probably normal 4) His oxyhemoglobin curve is shifted to the left 5) His pulmonary artery pressure is probably elevated

Description : A 45-year-old solicitor had an onset of severe, crushing, substernal chest pain while attending a football match. He collapsed on his way to the car. Bystander Cardiorespiratory Resuscitation ... His oxyhemoglobin curve is shifted to the left 5) His pulmonary artery pressure is probably elevated

Last Answer : Answers-5 This young patient with severe central chest pain has probably arrested due to myocardial infarction and arrhythmia. His gases reveal high PO2 following 100% O2 but severe acidosis ... no left to right shunting and high pulmonary pressures would be expected after this arrest scenario.

Can anybody here help an idiot looking for an investment/life insurance policy please ?

Description : Can anybody here help an idiot looking for an investment/life insurance policy please ?

Last Answer : What you are describing is known as a whole life' policy, and is not considered a good investment. A better track to follow would be to invest in a 401k at work or an IRA on your ... do, be careful! There are lots of advisers' that are really just salesmen for one insurance/investment company.

Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate of buildings in a chemical plant is about 3% of its initial cost (C) Insurance rates on annual basis in a chemical plant may be about 1% of the fixed capital investment (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Description : Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate ... chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Last Answer : (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Description : Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Last Answer : c) Payment of wages to employees

What's the advantage of buying insurance from a broker instead of the insurance company itself?

Description : What's the advantage of buying insurance from a broker instead of the insurance company itself?

Last Answer : An independent agent or broker will work with different companies to get you the best coverage. Working only with the company, you can buy only that company's products. The independent agent may ... around and compare prices; just make sure you are comparing apples to apples in terms of coverage.

If you ever considered buying life insurance, did you buy or not buy? Why or why not? Was yours a good decision?

Description : If you ever considered buying life insurance, did you buy or not buy? Why or why not? Was yours a good decision?

Last Answer : My parents got themselves a nice little Metlife agent when they came to America - I've had a life insurance policy since I was 12. So did my brother. When he passed away, the payoff was big and ... and I randomly have a $1000 life insurance policy with Bank of America, because they gave it to me.

What is the rationale behind buying life insurance for a child?

Description : What is the rationale behind buying life insurance for a child?

Last Answer : I think that it can be set up so when the policy reaches a certain point the money or its value can be turned over to the child.

Will buying funeral insurance cover all expenses?

Description : Will buying funeral insurance cover all expenses?

Last Answer : More than likely, no. As the costs of funerals rise over the years, loved ones may still have to dip into a major life insurance policy to help pay for a funeral. The funeral home is usually listed as the beneficiary.

10 Steps to Buying Auto Insurance in Idaho?

Description : 10 Steps to Buying Auto Insurance in Idaho?

Last Answer : Locate Insurance Companies: The first thing that you will need to do is locate several reputable automobile insurance companies that operate in Idaho. You may want to select a couple local insurance ... a proof-of-insurance card from your company until you receive your documents in the mail.

How would I go about buying income insurance and is it expensive?

Description : How would I go about buying income insurance and is it expensive?

Last Answer : Various insurance companies offer income protection insurance plans. You can learn more about income protection insurance (IPI) at en.wikipedia.org/wiki/Income_protection_insurance. Cost varies depending on the plan and provider you choose.