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How do you get gap insurance refund if the dealership is out of business?
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How do you get your gap insurance refund?
Call the dealership where the gap was purchased.They can advise you. If they are self insured they should have the forms there.
What if GAP insurance was not offered Can I sue the dealership?
No the dealership can not be sued if they did not offer GAP insurance. The dealership is not required to offer GAP insurance.
Can you request reimbursement of unearned premium on a GAP insurance on your car one year after expiration because you forgot you had that coverage?
i recently traded in two cars with gap threw dealership can i get refund o unused gap
How do you calculate your refund on 600.00 gap insurance if you paid your 6yr long off in 2 years?
Depending on how you purchased the gap insurance. If it was included in the financing + gap = monthly payment then any refund due would go to the finance company. If you purchased the gap insurance independantly from the finance company then you must contact the provider of the gap insurance directly for any type of refund.
Does State Farm offer Ohio gap car insurance?
According to various sources State Farm doesn't offer gap insurance. Gap insurance is usually offered through the dealership when you purchase your car.
If you get a loan from a credit union and they put gap insurance in it can you get a refund?
It depends. If you paid it all upfront in cash for the life of the loan and you trade the car in early you might be entitled to a small refund. If the gap insurance is included in the car payment then no. There is no refund at that time, because you are paying only for what you use.
Does gap insurance make sense compared to the number of times the policy will be needed?
No, it is much more cost effective to simply have your Auto Insurance limits adjusted to fully cover any potential losses. Gap Insurance is notoriously expensive. Gap coverage only kicks in after all other insurance limits have been exhausted and is very difficult to actually receive compensation after a loss. Gap insurance is usually pushed to consumers at the point of sale when purchasing a Vehicle at a dealership by sales people who are not schooled in insurance; it generates additional income for the auto dealership selling the gap coverage.
Refund gap how long does it take?
30 days
Gap insurance is from the auto loan or your insurance on the car?
GAP (guaranteed asset protection) auto insurance coverage is one the most necessary, yet least understood insurance products available to vehicle owners. It is generally purchased through the auto dealership or leasing company at the time of the initial purchase or lease.It's purpose is simple: If your car is totaled, gap insurance will cover the difference between what your insurance company says your car is worth (actual cash value) and what you still owe on your loan or lease.
What if your car repossessed with gap insurance?
The gap insurance is part of your auto loan so I am not sure what your question is. Gap insurance covers your car if you total it and the fair market value for your car is below what you owe. If your car gets reposessed, you still owe the lender. Actually, the cost of the gap insurance is rolled into the loan - it's not part of the loan. If you can find your original paperwork from when you bought your car, find the information on the company that issued the gap insurance policy, and then call them and tell them you no longer own the car, and see if you can get a partial refund on the premium! Can't hurt to try, right? I do vehicle refinances, and our auto loan contract includes the gap insurance (although we call it something else) for free, so I have helped several people cancel their gap coverage, although we usually do it pretty early in the loan. Same with credit disability insurance, if you have it.
How do you find out If you have gap insurance?
By looking at any GAP Insurance Policy you purchased and looking at the dates to see if it is in effect. If you bought GAP Insurance, you would have been given a copy of the bogus GAP insurance Policy.
Does insurance pay out in full if car is stolen while being financed?
No....only the value ay the time of loss. Gap coverage is available for a reasonable rate on most insurance policies. It can also be purchased through the car dealership.
