Knight Ridder/Tribune Business News - Motorists may wish to consider extra auto-insurance component.
By Pamela Yip, The Dallas Morning News Knight Ridder/Tribune Business News
Sep. 20–Before her teenage daughter totaled her 2001 Lexus IS 300, Susan Jones Knape hadn’t even heard of so-called GAP auto insurance.
But she has now - unfortunately.
“I’ve had a very bad experience not having it,” says Ms. Knape, a women’s finance author and chief creative strategist at a Dallas advertising agency.
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Imagine you owe $35,000 on your new car and it’s stolen or totaled. Your insurance company tells you your car is worth $27,000, leaving you with an $8,000 …
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