Michelle Jackson-Brown

Don’t wait until you’re filing a claim to see what vehicle insurance is all about. At MJB Insurance we think you should know the ABCs of auto insurance, RV insurance, home insurance and more – before you have a mishap.

So if you’re in the market for a new insurance company – or even if you’re just tire kicking – we’ll help you learn how to choose the coverages you need, how to reduce your premiums and a whole lot more.

We want to keep you and your family safe – and saving – on the road, and at home.

Call us today: 757-255-8162

Virginia is celebrated for many things, including being the home of Jamestown, the first English settlement in America in 1607. While Virginians can expect to pay a bit less than drivers in most other states, its insurance rates shift on a monthly basis.

GAP insurance can provide valuable protection during the early years of your car’s life if you have a loan or a lease.

If a loss occurs, GAP insurance will pay the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease. Gap Insurance protects your vehicle lease or loan. Sometimes it will also pay your regular insurance deductible.

If your vehicle has been totaled by accident, theft, fire, flood, tornado, vandalism, or hurricanes your insurance company typically pays the actual cash value. That may be less than its actual retail value. It is often considerably less than the actual amount you still owe on your loan or the amount due for a lease payoff.

The amount between your insurance deductible and the loss from this financial shortfall is the “gap” you can be left owing.