GAP stands for Guaranteed Asset Protection. Unlike traditional auto insurance policies that cover your vehicle's actual cash value (ACV) at the time of an accident or theft, GAP insurance covers the difference (or "gap") between what your vehicle is worth according to your primary insurance and what you still owe on your auto loan or lease. This distinction is crucial because, in the event of a ... Read the Post
What You Need to Know About GAP Insurance for Your Car Accident
Who Is at Fault in a Rear-End Accident in Washington?
Rear-end collisions are one of the most common types of car accidents, and they often lead to questions about fault and liability. In Washington State, determining who is at fault in a rear-end accident involves a combination of traffic laws, presumptions of fault, and the specific circumstances surrounding the collision. Here's an in-depth look at how fault is determined in rear-end accidents in ... Read the Post
The Risks of Insuring Teenage Drivers: Factors That Impact Premiums
Driving is a rite of passage for many teenagers, marking a newfound sense of freedom and independence. However, for parents, it often comes with a mix of pride and worry, especially when it comes to the inevitable topic of car insurance. Insuring teenage drivers can be a costly affair, primarily due to the increased risks associated with this demographic. Understanding the Statistics First and ... Read the Post
Are you insured? 5 types of insurance every family must have in 2023
Insurance serves as a robust shield against unexpected events, providing a safety net when life takes unexpected turns. In this comprehensive guide, we will explore five indispensable insurance types that are crucial for every family in 2023. Based on everything a family needs to be insured against, we will discuss the significance of each category and explain how they offer the necessary ... Read the Post
Power of Protection: Must-Have Insurance for a Successful Life
Safeguarding your loved ones and assets becomes a top priority when you wish to lead a successful life. And if you live in Calgary, it becomes even more essential as, according to Calgary police, 22,564 collisions were reported between January and November 2020. This highlights the importance of insurance coverage to ensure a prosperous future. Insurance is a powerful shield, providing you with ... Read the Post