Can I cancel my gap insurance anytime?

Answer: Yes, usually you can cancel gap insurance if you determine that you no longer need it. Gap insurance policies, terms and fees vary. After that initial period, if you cancel the policy you normally will receive a refund prorated according to the length of time that you kept the policy in effect.

Is there a cancellation fee for gap insurance?

Most providers will give you your money back if you cancel 30 days of taking out the policy. Depending on the insurance provider, you may still have to pay a cancelation fee. If your insurance company does charge a cancelation fee, it is probably about 10\% of your remaining premium.

How long do I have to cancel an extended warranty?

between 30 and 60 days
Some warranty providers stipulate a strict time period, usually between 30 and 60 days, in which you are allowed to cancel your extended warranty without being charged any fees. Even in this case, however, you should still be able to cancel your warranty, unless your contract explicitly states otherwise.

How do I cancel my gap insurance on my car?

Contact the dealer’s gap lease or loan insurance provider Reach out to the group you’re currently insured under and ask them what steps are required to cancel your gap policy. They may require you to provide written notice of your intent to cancel, but you may be able to scan and email or fax your request.

How do I contact gap insurance?

Contact Us

1. [email protected]. Please include your state of residence or your GapDirect policy number when contacting us.
2. Telephone. 1-877-448-4455. Business Hours: Monday – Friday 8:30 AM – 5:00 PM Pacific Time.
3. Mailing Address. Western General Insurance Company. P.O. BOX 4493. Woodland Hills, CA 91365.

How do I get my gap insurance back after I pay off my car?

To get a gap insurance refund, contact the insurance provider and give them the policy number and documents showing that the car was traded in, sold, or paid off early. Gap insurance refunds are usually only possible for policies that were paid in full up front.

Who do I call to cancel extended warranty?

Find the paperwork for your policy to see whom to contact and if there’s a cancellation fee. If you recently bought the extended warranty and don’t yet have the contract, call the finance manager who sold it to you. For third-party warranties, you might need to call or write a letter to the company. Be firm.

How do I get rid of gap insurance on my car?

Can I take out gap insurance after 12 months?

It’s also important to remember that after the first 12 months, your car will no longer be eligible for RTI or VRI GAP insurance, leaving you unable to insure your car’s depreciation from the vehicle purchase price in years two, three or four.

How long does it take to get a gap refund check?

4-6 weeks
Gap insurance refunds usually take 4-6 weeks. Staying in contact with your gap insurance provider and promptly returning signed paperwork can expedite the process, though.

How long does it take for gap insurance to pay off your car?

between five and 45 days
It could take anywhere between five and 45 days for your auto insurer to pay out gap insurance after a claim. The exact amount of time varies based on the complexity of your claim and the regulations in your state. Typically, these payments are sent straight from your insurance company to your lienholder or lessor.

How do I get money back from extended warranty?

You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.