Jacksonville, Florida — Make sure that you have the proper GAP insurance coverage for your auto policy in Florida. This Guaranteed Auto Protection insurance is an optional type of insurance policy that offers protection against financial liability for people who have bought a vehicle on loan and the actual cash value (ACV) or the market value of the vehicle is less than the amount owed on the loan.

Based on the auto insurance policy, GAP insurance normally provides coverage against thefts and accidents. However, the terms of the insurance policies vary and so, it’s better to carefully evaluate the terms and conditions of the GAP insurance policy before purchasing one.

• How does GAP insurance works?

To get an idea of how GAP insurance works, consider the following situation:

Suppose you purchase a new vehicle on loan for $22,000. You make the down payment of $600 and agree to pay $300 as monthly installment. Now, six months later, the value of your car decreases to just $16,000. After six months, you’d have paid $2,400 (six monthly installments in addition to the down payment). You still owe 19,600 on the car. At this time, your vehicle meets an accident. In such a case, your insurance company will pay you just $16,000 and not $19,600. Now, if you don’t have a GAP insurance, the additional $3,600 would come out of your pocket.

Most Florida drivers out there don’t realize that if you own a car and it is registered in the state of Florida then you are required to have Florida auto insurance. The coverage required is PIP and PD, but there are consequences for not having Bodily Injury coverageand/or comprehensive and collision. Some assume that “full coverage” is very expensive, but that isn’t necessarily the case. Florida auto insurance companies give multiple discounts for excellent credit, safe driver, age, proof of prior insurance, being a homeowner, paperless billing, and many, many more. Going through an agency is the best way to explore your options as we will do the shopping for you and if your rates go up at renewal we can shop them again. We offer a variety of companies to fit any drivers needs. Most people think that they are benefiting by staying with the same company long term, however in most cases you are not able to take advantage of the rate decreases that your company and other companies have had. Call Laurin Agnew for a free Florida auto quote today!!

Have you ever wondered if you need to buy rental car insurance? In some cases the liability coverage from your personal auto insurance will transfer to the rental car. If you have comprehensive and collision coverage on your vehicle it will in most cases transfer to the rental car as well. So don’t be fooled by the rental car companies out there trying to hard sell you on the insurance if you already have the appropriate coverage.

If you have been searching for Florida car insurance and not finding anything, don’t give up just yet. Remember, you need coverage and if you give up you have no chance of getting it. Even if you do not see it right now, there are many good Florida car insurance policies available. Are you going to find one that suits your needs?

To find the right policy you need to get smart about how you search. For instance, if you are not using a broker now may be the time to hire one. A good Florida car insurance broker is only one phone call away. From there you will have a professional working for you. Simply put, you need to change your way of doing things if your current method is not working. And for many, this means hiring a Florida health insurance broker.

There are hundreds of policies available for purchase. Which one are you going to choose? Until you compare a few you will have a hard time making a decision. Be open to all Florida car insurance policies so you can see what is out there and what you need.

All in all, good Florida health insurance is available. Are you going to do whatever it takes to find it? If so, you will have a quality policy in your name in no time at all.