Safeguard gap cancellation 2025

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  1. Click ‘Get Form’ to open the safeguard gap cancellation form in the editor.
  2. Begin by filling out the 'Reason for Cancellation' section. Select one of the options provided, such as Guaranteed Asset Protection (GAP) or Lease Wear & Tear.
  3. Ensure you attach a copy of your original contract as required. This is crucial for processing your cancellation smoothly.
  4. Complete all personal information fields, including your name, address, phone number, and dealer name. Make sure to include the last 7 digits of your Vehicle Identification Number (VIN) and other relevant details.
  5. Review the additional information needed for Vehicle Service Contract cancellations, such as odometer readings on both purchase and cancel dates.
  6. Finally, sign and date the form where indicated to confirm your request for cancellation in accordance with the terms of your agreement.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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How long does gap insurance last? Once you add gap insurance, it applies for the duration of your policy. However, you wont need gap coverage for the entire length of the loan. Once you owe less than what the car is worth, you can drop the insurance.
Generally, yes. A dealer cant force you to accept add-ons as a condition of sale.
If you cancel before your policy ends, your refund will usually be prorated. This means youll receive money back for the time you didnt use. However, be aware of any cancellation fees. Some insurers might charge these fees, which can reduce your refund.
Yes, you can usually cancel gap insurance at any time, as long as gap insurance isnt a requirement of your loan or lease agreement.
You can cancel an extended warranty at any time and youll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment wont drop, but you may pay off the car sooner after the refund is deducted from your balance.

People also ask

Lump Sum Payment: By paying off the gap insurance refund policy in advance, you are then entitled to a refund on the unused portion. Monthly Payments: If you pay your premiums monthly, you wont be able to get a refund on any past months. However, you may get a small refund if you cancel early in the month.

safeguard cancellation form