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Gap cancellation request form

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SECTION A - DEALER INFORMATION Please PRINT Account Name Today s Date mm/dd/yyyy Address City State Phone Zip Code Fax SECTION B - CUSTOMER INFORMATION Please PRINT Last Name Customer Contact Number First Name GAP Addendum Number VIN Number Last 6 Digits SECTION C REASON FOR CANCELLATION Please check one To process this cancellation request the following supporting documentation is required Customer Request - Attach correspondence or customer signature below Date Received by Dealer // Reposses ...

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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.

What happens to gap insurance when you payoff your car?

You can get a gap refund if you pay off your car early. However, if you pay it off on time, you arent eligible for a refund. For example, if you purchase gap insurance for 36 months and you pay off your loan in 36 months, you cant get any money back.

Is Gap a debt cancellation agreement?

In short, debt cancellation agreements (sometimes referred to as Gap) are contracts that cover the difference - or the gap - between what your new vehicle is actually worth and the amount you still owe on it.

How do I cancel my dealer add ons?

Instead, go directly to the service company and cancel with them directly. This is the best route if its been more than a few days since you bought your car. Keep notes and documents on the process. Canceling add-ons can be complicated and annoying, so write everything down as you complete each step.

How do gap contracts work?

Having gap insurance means your insurance provider may pay the financed amount you currently owe on your car at the time of a covered accident, minus your deductible. Depending on your circumstances, gap insurance can be a smart addition to your collision insurance policy.

Can gap insurance be non refundable?

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.

Is it smart to cancel gap insurance?

It makes sense to cancel gap insurance once your loan balance is less than your vehicles actual cash value. Drivers who pay their gap insurance premium upfront may receive a refund when they cancel their policy.

What is a cancellation form?

Cancellation forms allow customers to cancel services or products they have purchased from you.

How do I cancel my gap contract?

To cancel your gap insurance, contact the company providing coverage, such as the dealership where you bought your car or your insurer. If canceling coverage you purchased through a dealership, you should contact the dealership or coverage provider directly. You may need to sign a cancellation form and other documents.

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