Discover how shortfall cover insurance fills gaps in coverage. Learn its purpose and how it applies to both consumers and ...
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The wildfire coverage gap that can break a mortgage requirement if you’re not careful
Wildfire seasons are now long enough, and destructive enough, that your home’s insurability has become a core part of your ...
Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...
Dear Liz: In 2012, I financed a 2008 Honda at my credit union. The car was priced at $16,500. With a trade-in, the loan came to $22,000. GAP coverage was factored into the loan payments, which were ...
If you've ever spent a Saturday afternoon in a car dealer's financing office, you've probably heard of gap insurance. But maybe you didn't fully know what it meant. If so, you're not alone. In simple ...
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What Is Gap Insurance and Who Needs It?
Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...
California is setting stricter rules on the sale of GAP insurance in the state. California Governor Gavin Newsom recently signed Assembly Bill 2311, which will limit the price of GAP insurance to four ...
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