If your car is stolen or totaled in an accident, will your insurance company pay for what you owe the lender or leasing company? For most people, the answer is maybe. Depending on how you financed your car, you may also need a relatively little-known form of coverage called GAP.
Read MoreYour hard work has paid off and you now are the proud owner of a nice house, a great vacation home, a luxury car and all the other amenities associated with the good life. If you're like most people, you feel confident that your homeowner's and car insurance will protect you if you fall victim to a claim arising from normal activities. Umbrella policies take over after the liability insurance in your homeowner's and auto policy stops.
Read MoreWith the average vehicle on the road being about 10 years old, it is apparent that Americans are keeping their cars longer these days. There are benefits associated with owning an older automobile.
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