GAP Waiver bAddendumb to Retail Installment Contract and Security bb 2026

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The document is a GAP Waiver Addendum to a Retail Installment Contract and Security Agreement, outlining the terms under which the Holder waives the buyer's liability for the GAP Amount in case of a Total Loss, Constructive Total Loss, or Un-recovered Theft of the covered vehicle. It emphasizes that purchasing the waiver is voluntary and not required for credit approval, details the necessary documentation for claims, defines key terms related to the waiver, and specifies eligibility requirements and exclusions. The addendum also includes cancellation policies and termination conditions.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name in the 'Buyer Name' field, followed by the seller's name and holder's information. Ensure all addresses are filled accurately.
Fill in the details of the covered vehicle, including YEAR, MAKE, MODEL, and VIN. This information is crucial for identifying the vehicle associated with the contract.
Complete the financial details such as Contract Date, Amount Financed, Contract Term, MSRP/NADA/KBB Retail Value, GAP Waiver Cost, and GAP Waiver Addendum Term.
Read through the terms regarding the voluntary nature of purchasing the GAP Waiver. Acknowledge your understanding by signing and dating where indicated.
If applicable, follow the Loss Documentation Procedures outlined in the document for any claims related to a total loss or theft of your vehicle.

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Gap waiver addendum to retail installment contract and security bb sample Gap waiver addendum to retail installment contract and security bb form

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