Ilyce Glink's Blog

Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

Establishing Value After a Car Accident

If your car has been in an accident, you may find the following websites helpful:

Kelly Blue Book (http://www.kbb.com/)
National Automotive Dealers Association (http://www.nada.com/)
Edmunds (http://www.edmunds.com/)
Auto Trader (http://www.autotrader.com/)

If you are worried that the value of the car will be less than what you owe, you'll want to buy GAP insurance coverage when you buy your auto insurance. Gap coverage will insure you for the gap between what you owe and what the car is valued at after an accident.

For many people, Gap insurance isn't a good deal, since it's relatively expensive for a declining liability. But there is definitely a need for this kind of policy, so evaluate it carefully before you buy.

Labels: auto, Cars, Clark Howard

posted by Ilyce Glink at 12:47 PM 2 comments

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