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Gap Insurance New York

We’re experiencing a bit of a slow insurance news day on this Tuesday afternoon in New York, so I thought I’d take a peek into the InsureMe Insurance Resource Center and find a topic we haven’t covered here at the Insurance Blog yet: gap insurance.

Local Companies

Erie Insurance
(585) 271-1760
1441 South Ave
Rochester, NY
A Aaaction Agcy
(585) 266-6460
1619 E Ridge Rd
Rochester, NY
Liberty Mutual
(845) 471-6500 ext.53445
1110 Rt. 55
LaGrangeville, NY
Lavelle, James B - State Farm Insurance Agent
(212) 687-1699
420 Lexington Ave
New York, NY
State Farm Insurance Franklin Square
(516) 488-3333
932 Hempstead Turnpike
Franklin Square, NY
Croton Auto Parks
(914) 271-5100
1 Municipal Place
Croton on Hudson, NY
New York Life
(646) 227-8000
420 Lexington Avenue
New York, NY
New York Life Insurance
(347) 563-8969
420 Lexington Avenue
New York, NY
New York Life Insurance and Annuity Co.
(917) 365-1522
420 Lexington Avenue
New York, NY
New York Life Insurance Company
(646) 227-8573
420 Lexington Avenue
New York, NY
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Gap Insurance: When You Owe More Than It’s Worth

August 22nd, 2006 by Megan Mahan

We’re experiencing a bit of a slow insurance news day on this Tuesday afternoon, so I thought I’d take a peek into the InsureMe Insurance Resource Center and find a topic we haven’t covered here at the Insurance Blog yet: gap insurance.

Quite simply, gap insurance can help you close the “gap” between what you owe on your car loan and how much the car is actually worth.

Think of it this way: your car suffers serious flood damage. You still owe $12,000 on our car, but your auto insurance will only cover the current value and cuts you a check for $5,000–leaving you with a $7,000 gap. Yikes. But, as the name suggests, gap insurance can help take care of that residual amount.

The good news is, more drivers are becoming wise to the gap insurance necessity and as a result, more lenders and car dealerships are making it easier to buy. I purchased a gap insurance policy through my lender last year for a few dollars per month.

But I’ll stop yapping now and direct you to the gap insurance goods. :) Check out our article, Closing the Gap When You Owe More for Your Car Than It’s Worth

Click here to read the full insurance article from Insureme.

Featured Local Company

Erie Insurance

(585) 271-1760
1441 South Ave
Rochester, NY
http://www.landtinsurance.com
Read more about Gap Insurance

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