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Buyers and Gap Insurance

Oct
28

Do Car Buyers Need Gap Insurance in Illinois? ›

October 28, 2015

TL;DR: Yes – gap insurance (Guaranteed Asset Protection) is an optional coverage that pays the difference between your car’s actual cash value and the remaining loan or lease balance if the vehicle is totaled or stolen. In Illinois, gap insurance… Read More ›

In: Affordability, Coverages
Oct
28

Does Boat Insurance Cover You in Every Port? ›

October 28, 2015

Yes – but only if your policy includes the right coverage beyond your home port. Not all boat insurance automatically protects you wherever you go, so it’s crucial to understand your policy’s navigational limits. 

Many basic policies restrict coverage to a… Read More ›

In: Coverages
Oct
28

Does Car Insurance Cover Blizzard Damage? ›

October 28, 2015

Yes, car insurance can cover damage caused by a blizzard, but only if you have the right types of coverage. Comprehensive coverage on your auto policy will pay for non-collision damage from winter storms, such as a tree limb falling… Read More ›

In: Coverages
Oct
28

What Is Liability Car Insurance and Why Is It Required in Illinois? ›

October 28, 2015

In Illinois, all drivers are legally required to carry liability car insurance. This coverage protects you financially in the event that you cause injury or property damage to others in an accident. Liability insurance covers medical expenses, lost wages, and… Read More ›

In: Coverages
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