Gap Insurance Cancellation
After contacting your provider to get the cancellation process underway, you'll need to submit the following paperwork: Gap insurance cancelation forms. Copy of an odometer disclosure statement. Copy of auto loan payoff showing the date your vehicle was paid off.
How do I cancel my GAP account?
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.
Do you get a refund from Gap?
As soon as we process your returned item, we refund the purchase amount to the original method of payment, such as the credit card used. If the refund is applied to your credit card, your credit card company may take up to 10 additional business days to post the refund to your account.
How do I cancel my gap insurance from a dealership?
You want to review your gap insurance purchase documents, then contact the dealership directly. Likely you’ll speak with the finance manager about...
Do I get my money back if I cancel my gap insurance?
Typically there’s a 30-day full refund policy for canceling your gap insurance. However, this can vary based on the company. Some companies will of...
Can you cancel gap insurance at any time?
Yes, you can typically cancel your gap insurance at any time if you find you no longer need it. Be sure to learn the cancellation terms, so you kno...
What happens if you don’t use your gap insurance?
This is a use it or lose it situation. If you don’t use your gap insurance, you just don’t use it. You won’t get a refund for those premium amounts...