Tag: auto gap insurance

Allstate auto insurance to cover rideshare drivers

Julie Campbell
Allstate auto insurance Geico

People who are driving with the use of app based services like Uber will now have the insurer’s coverage available. Allstate auto insurance offerings will now be including coverage for drivers who will be using apps such as Uber and Lyft in order to pick up ride sharing passengers in order to earn an income. The auto insurance coverage will come with an average premium of between $15 and $20 per year. The announcement about the new type of Allstate auto insurance policy also explained that the goal of the…

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Auto gap insurance provides new car buyers and leasers with additional coverage

Consumers can benefit greatly from gap insurance on their vehicle purchases as long as they know it exists. According to leaders in the auto industry, though gap insurance may be familiar to individuals who have leased cars in the past, to everyone else, they may not realize the advantages that it can provide when they purchase a new vehicle with financing that includes low monthly payments. Also known as guaranteed auto protection, this coverage is meant for the difference between what is still owed on the loan for the vehicle,…

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What to consider when shopping for auto gap insurance

Marc

Auto gap insurance, also sometimes known as “totaled insurance” is a form of vehicle coverage that protects the loan amount of your car, SUV, van, or truck, in the case that it should be totaled, so that you will be sure to receive its actual cash value in order to replace it. This form of coverage is virtually always required when a new car is being purchased, as the value of that vehicle depreciates starting the moment that it is driven out of the dealership. Many leased vehicles also require…

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Is a loan gap insurance policy voided by a late auto payment

Nordstrom

Many loan gap policyholders wonder if their insurance becomes void if they are ever more than thirty days late with an auto payment. The answer to this common question is that a gap insurance policy is not voided by a late car payment. Gap insurance is not automatically cancelled when a policyholder is behind on a payment, but it will matter if the vehicle is ever totaled before the payments are brought up to date, the payouts from your coverage will not include those overdue payments though. What gap coverage…

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Highlighting the benefits of California GAP coverage

Marc

Gapinsuranceinfo.com has released a new resource that has outlined the details of California GAP (guaranteed asset protection) insurance and provides consumers with information that can help them to decide which form of this optional coverage will best suit their needs. In California, GAP provides motorists that have a new vehicle that was purchased through financing, with coverage that will save them from being required to pay for the remainder of the loan’s balance should that car be totaled or stolen. This is accomplished by filling in the gap between the…

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