GAP Waiver bAddendumb to Retail Installment Contract and Security bb 2025

See details

4 out of 5

52 votes

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, clarifies that it is not insurance coverage, and details the necessary procedures for filing claims. The addendum also defines key terms related to the waiver and specifies eligibility requirements, conditions, exclusions, and cancellation policies.

Here's how it works

01. Edit your gap waiver online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send gap waiver addendum via email, link, or fax. You can also download it, export it or print it out.

The best way to change GAP Waiver bAddendumb to Retail Installment Contract and Security bb online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your documentation requires only a few simple clicks. Make these quick steps to change the PDF GAP Waiver bAddendumb to Retail Installment Contract and Security bb online free of charge:

Register and log in to your account. Log in to the editor using your credentials or click on Create free account to test the tool’s capabilities.
Add the GAP Waiver bAddendumb to Retail Installment Contract and Security bb for redacting. Click on the New Document option above, then drag and drop the file to the upload area, import it from the cloud, or using a link.
Alter your file. Make any changes needed: insert text and photos to your GAP Waiver bAddendumb to Retail Installment Contract and Security bb, highlight details that matter, erase sections of content and substitute them with new ones, and insert symbols, checkmarks, and fields for filling out.
Finish redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is super easy to use and effective. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

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 does gap waiver addendum mean?

Without gap insurance, your car insurance company is not concerned about the outstanding balance on your auto loan. If youre planning on financing most or all of your vehicle purchase, gap insurance could be an important safeguard.

What does no gap waiver amount mean for a car loan?

Without a GAP waiver, insurance will only cover the cars actual cash value (ACV), also known as its book value, in the event the car is totaled or stolen. You would then need to make up the difference between that amount and the loan balance.

Should I waive gap insurance?

You can check your current car insurance policy or the terms of your lease or loan to see if you have gap insurance. This type of coverage is usually offered as optional coverage by insurers or as an extra add-on by dealers, so its a good idea to find out if you already have gap insurance before you add more coverage.

Is a gap waiver worth it?

If your new car is totaled or stolen and you owe more on it than its current worth, the gap coverage covers the difference. The cost of gap insurance is fairly low, and it is easy to obtain, so theres no real reason NOT to have it.

Can I cancel gap addendum?

Yes. As long as you have not made a claim under your GAP addendum/policy, you may cancel it at any time and receive a refund. Generally, if you cancel within the first 30 days, you will receive a full refund. Thereafter, you will generally receive a partial refund, less a cancellation fee.

gap addendum

Gap waiver addendum to retail installment contract and security bb meaning Gap waiver addendum to retail installment contract and security bb form Gap waiver addendum to retail installment contract and security bb letter

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is the difference between gap insurance and a gap waiver?

GAP Insurance essentially does the same thing that a GAP Waiver when it comes to financial protection, but instead of being a part of your auto loan contract through your lender, GAP Insurance must be purchased privately from a separate licensed provider and could come with a higher price tag.

GAP Waiver bAddendumb to Retail Installment Contract and Security bb 2025

Here's how it works

The best way to change GAP Waiver bAddendumb to Retail Installment Contract and Security bb online

Complete this form in 5 minutes or less

Got questions?

What does gap waiver addendum mean?

What does no gap waiver amount mean for a car loan?

Should I waive gap insurance?

Is a gap waiver worth it?

Can I cancel gap addendum?

Complete this form in 5 minutes or less

People also ask

What is the difference between gap insurance and a gap waiver?

gap waiver form

Try more PDF tools