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Should you Purchase Gap Insurance for your New Car?

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Types - Should you Purchase Gap Insurance for your New Car?

Should you Purchase Gap Insurance for your New Car?

Today we’re going to talk about gap insurance for a new car.

When you go shopping for new car, do you know what type you are going to get? Have you done due diligence? How much is the insurance going to be when you get to the finance office?  At the car dealership, what are they offering you in gap insurance?

Here is the little nice thing to know, it’s only on brand-new cars you can get gap insurance from your insurance broker or agent. You should know that, a large sum of money is lost once you drive that car off the car lot.

The Gap insurance will pay the difference between what you owe on the car and what the insurance company is going to pay.

Gap insurance is much cheaper when you purchase it from the insurance company rather than at the dealers. This is an important tip if you want to save money.

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