|
Auto Insurance Primer So-called GAP insurance was established in the early 1980's to provide protection to consumers based upon buying and market trends. The escalating price of cars, extended term auto loans, and the increasing popularity of leasing gave birth to GAP protection. GAP waivers provide protection for consumers when a "gap" exists between the actual value of their vehicle and the amount of money owed to the bank or leasing company. In some countries including New Zealand and Australia market structures mean that people are more likely to buy a nearly new car than a new car so this is less of a problem. In the United States, liability insurance covers claims against the policy holder and generally, any other operator of the insured's vehicle, provided they do not live at the same address as the policy holder and are not specifically excluded on the policy. « Previous Page « » Discuss it » Continue Reading »
» Submit a comment or contribute to this article
Read More Articles, They Are Related to This Topic:;
Auto Insurance Information Online - Compulsory Auto Insurance
In 47 of the 50 United States, it is illegal to take a car onto the road without auto insurance. Compulsory insurance...
Read it then add your comment
Why Should You Shop Around For Auto Insurance?
How do you know if what you are paying for your insurance is a good deal? What is a good deal? Is choosing the cheapest...
Read it then add your comment
The Differences Between Regular Auto Insurance And Insurance Bought Online
The unlimited advantages that the Internet has brought to our lives have even transformed the way we go about...
Read it then add your comment
Taking The Mystery Out Of Long-term Care Insurance
Here's the good news: with improvements in medical
technology and healthier lifestyles, people are living
longer. ...
Read it then add your comment
How To Save Money On Auto Insurance
Most people complain about the cost of their auto insurance--hardly surprising, given that a typical policy costs at...
Read it then add your comment
| 
