Am I due a refund on part of my gap insurance if I pay t?

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Am I due a refund on part of my gap insurance if I pay the car off or trade it in?

It will probably depend upon how you purchased the Gap insurance for your vehicle if you will be due a refund of any type if you pay off the car or trade it in.

If you financed your vehicle and the GAP insurance is part of your vehicle's financed monthly payment then it is doubtful that you would receive any refund for your GAP insurance. If the coverage gets paid for monthly as part of your financed monthly payment then the coverage is used that same month.

If you paid for your gap insurance policy in full, you will need to contact the company you purchased the policy through to see if there is any unused premium which needs to be refunded back to you when you trade in or pay off your car.

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Visitor Comments

	I know you aren't this GAP company, but I just want to tell someone this...I got a car through Suzuki, they added $600 worth of GAP Insurance to the balance of the truck. In July '08 I applied for the balance of the GAP Insurance to be returned to me as I pd off the truck. I called GAP 09-0408 and was informed by Ryan at GAP that the check was sent out 8-15-08. I went to Suzuki and was told two different stories as to where my check was supposed to go. I called GAP back and spoke to Ryan again and was informed that the check had been cashed.Suzuki did not call to tell me MY check was in and they had two numbers to call to reach me. I need my money which should be about $500.
	this is really great info and was very helpful to me. tah, tah. merry christmas 12/08
	interesting!

Question Details

This car insurance question was asked on 12/5/2006

This auto insurance answer was last updated on 12/12/2006

Ralph H requested this car insurance solution.

Rated 8 out of 10 based on 7 votes.

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