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2015 4.8 Satisfied (114 Votes)
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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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Gap insurance typically pays out within a few weeks, depending on how complicated your claim. You can file a claim online, by phone, or in writing. is. If your car is damaged beyond repair or stolen, your insurance company might deem it a total loss. In this case, they will pay you the cars actual cash value.
Generally speaking, unless you have significant negative equity, GAP through a dealer is rarely worth it. And at $120 per year, that is a VERY EXPENSIVE insurance policy that pays ONLY in the event you completely total your car.
To cancel, please contact the Selling Dealership listed on the front of this Service Contract, or for further assistance you may contact the Administrator, Express Systems, Inc., at (800) 705-4001. If cancelled during the first 60 days, a full refund less any benefits pending or provided will be issued.
To cancel GAP coverage on your loan, please visit a Credit Union Branch or contact Member Relations at 800-388-7000. If the cancellation request is made within the first 90 days, you will receive a full refund of the premium that was paid.
Gap insurance companies can deny a claim for a variety of reasons. The most common reasons are a loss that isnt covered by the policy or that the policy has lapsed. Gap insurance covers only in one situation: After an accident, your car is a total loss and you owe more than its worth.
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Start the refund process by contacting your insurance provider. Tell them your name, policy number, and that you want to cancel your GAP insurance and get a refund for the remaining coverage. Remember, dont do this until after your car is legally sold or traded or your loan is officially paid off.

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