Submit the required paperwork to the dealership or warranty company. By: ... you may be entitled to a partial refund of your GAP insurance premium if you paid off your vehicle early. After that, you may get a prorated refund or you must pay a fee. Guaranteed Auto Protection Insurance. Vehicles depreciate after they are purchased, and this depreciation can take a severe hit on your wallet if you file an insurance claim while the vehicle is still somewhat new. If you have purchased a Gap Insurance policy from Total Loss Gap, can you cancel and obtain a refund? Find Out The Current Value Of Your Gap Insurance. To jump to a specific section, click below: What is GAP? Gap insurance serves a valuable purpose, but it's important to make sure you aren't paying for a service you don't need. Should I get GAP? Can I get a refund if I pay my loan off? The refund I received works out to be prorated (i.e. A class action lawsuit against Wells Fargo for reportedly failing to properly refund the guaranteed asset protection (GAP) insurance to customers. Do I Get My Gap Insurance Back After I Pay Off My Car? Last week, I received a check from the dealership for just over $500 for "Gap refund". Use Our Free Gap Insurance Refund Calculator. Does Carvana offer GAP coverage? After a total loss claim is settled, you should receive a refund for some of the GAP premiums Auto insurance doesn’t always provide vehicle owners with enough car insurance. Like any financial product or insurance contract, GAP can have a lot of fine print. For example, your insurer may have a "full or nothing" refund policy, in which you can get a full refund if you cancel within 60 days but the policy becomes nonrefundable if … At Total Loss Gap, all of our GAP products will have a 30 Day Money Back Guarantee as standard. As, the cover settles all the outstanding loan balances after the claim of GAP insurance refund Toyota vehicles get paid.In the GAP insurance refund Toyota has strengthen over the other auto insurances by its alluring services. Fill Out Our 2 Minute Refund Form To Find Out If Your'e Entitle To A Gap Refund. Receive Gap Insurance Refunds- Get A Free Gap Refund Analysis To Determine If You Are Entitled To A Prorated Refund. I did have Gap insurance included in the original financing, but I really am not clear on how this works. Last week, I received a check from the dealership for just over $500 for "Gap refund". GAPCoverage bridges the gap between your finance balance and your vehicle’s insurance settlement plus up to $1,000 towards your deductible. If your car is repossessed, then your gap policy will end since you no longer have the vehicle. How to Get Money Back From an Extended Warranty on a Car ... and then refund you the lesser of the two. As you’re sitting in the dealership, anxious to be done with paperwork and driving your new car, it can be very hard to make sure that you read all the details, but they are all important. If you have not heard from the warranty company or the dealership within two weeks, call and ask for an update.