Pre Header “WE BUILD RELATIONSHIPS”  847.258.5310

 



Get a Quote
Interested In
Zip Code
Quick Links

New Car, Better Car and Gap Auto Coverage

A standard auto policy—known as actual cash value—will typically pay to repair or replace your car minus depreciation. But increasingly, “new car” and “better car” replacement options and gap insurance are available. Are they worth it?

New Car Replacement allows you to pay extra premium to receive enough money to buy a new car similar to the car that was totaled.

Better Car Replacement allows you to pay extra premium to receive enough money to purchase a car newer or better than the car that was totaled.

Gap Insurance allows you to pay extra premium to ensure the payoff of the balance of a loan if the loss settlement amount is less than the remaining loan.

Each of these options requires an additional purchase of insurance or a specific policy that includes these products built in to the premium. Research the value of your vehicle before an accident with tools like www.kellybluebook.com, www.edmunds.com, or www.nadaguides.com and discuss the cost and benefits of these coverage options with your agent.

Automobile, Commercial Auto Insurance, Off-Road Vehicles Insurance
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

 

  Our Site Links
Home Page
Who We Are
Map & Direction
Get A Quote
FAQ
News Center
Contact Us
    Type of Insurance
Business Insurance
Employee Benefits
Personal Insurance
Specialized Insurance
Insurance Glossary
Policy Review
     Get Connected with Heil & Kay
               
 

IRA Website