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  • Us Gap Addendum - United States Warranty Corp.

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GAP Addendum CUSTOMER/BORROWER/LESSEE FINANCIAL INSTITUTION NAME NAME ADDRESS ADDRESS CITY STATE ZIP CITY PHONE STATE ZIP PHONE ISSUING DEALER VEHICLE INFORMATION DEALERSHIP NAME NEW ADDRESS USED.

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How to fill out the US Gap Addendum - United States Warranty Corp. online

The US Gap Addendum is an important document that provides financial protection in the event of a total loss of your vehicle. This guide offers clear instructions on how to effectively fill out the form online, ensuring a seamless experience for users with varying levels of legal knowledge.

Follow the steps to effectively complete the form online.

  1. Click 'Get Form' button to obtain the form and open it in the online editor.
  2. Enter your full name in the 'Customer/Borrower/Lessee' section. This denotes your identity for the warranty provision.
  3. Fill in the 'Financial Institution' details as applicable, including name and address. This identifies the lending entity involved.
  4. Provide your 'Address' details, including city, state, and zip code. Ensure accuracy to avoid any processing issues.
  5. In the 'Issuing Dealer' section, specify the dealership name, and repeat the address fields to clarify the dealership's location.
  6. Input vehicle information, including new or used status, VIN, model year, make, model, purchase price, and odometer reading. This information is crucial for identifying the vehicle covered by the warranty.
  7. Complete the 'Financial Agreement' section by filling out the effective date, amount financed, lease term, finance rate, and agreement number. This gives context to the financial arrangements associated with your vehicle.
  8. Affirm your understanding and acceptance of the terms by signing in the designated 'Customer/Borrower/Lessee Signature' section and dating the form.
  9. The dealer representative must complete their section, including signature, name, title, and date. This finalizes the agreement on both ends.
  10. Review all filled-in fields for accuracy before proceeding to save your changes, download, print, or share the completed form.

Complete your US Gap Addendum online today for added peace of mind regarding your vehicle financing.

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For example, if you paid $1,000 for 36 months of insurance coverage, the monthly amount would be $27.78. If you paid the car off at the end of 24 months, you would have 12 months remaining, which means a refund of $333.36 for the time you didn't use the coverage.

For instance, if a vehicle is financed for 48 months but is paid off in 24 months, two years' worth of premium charges are due back to the insured as GAP coverage is normally paid for in advance. In addition, a car owner who sells or refinances a vehicle also is owed a refund.

You do not get your full GAP coverage refunded back to you once you pay off your car. When you pay your GAP insurance premium in advance, you are entitled to a refund of the unused portion if you pay off your vehicle early. ... You may receive a small refund if you cancel early in the month.

Gap insurance is a good option for the following types of drivers: Drivers who owe more on their car loan than the car is worth. If you are currently making car loan payments, be sure to calculate the loan balance and weigh it against your car's current cash value. ... If so, you should strongly consider gap insurance.

After you have the official odometer reading, contact your financial institution used to purchase your vehicle. If you are trading or selling your car when your auto loan has not been fully repaid, you will be able to get a refund for the unused portion of your gap insurance.

In order to get a refund for gap insurance coverage, you need to have the mileage on your vehicle verified. Take the vehicle to the dealership where you will trade or sell the vehicle. Ask them to give you an odometer disclosure statement. This statement officially states what the current mileage on the vehicle is.

That's where GAP coverage comes in. It pays the difference between what your insurance agency will give you for your car and what you owe on your car. Meaning, your GAP protection can help you avoid paying off the remaining difference on your vehicle loan for a car you don't have.

GAP Addendum this Guaranteed Automobile Protection contract. Maximum Eligibility Limit - With regard to new vehicles, the MSRP of $125,000, and with regard to used vehicles, the NADA retail value of $125,000 or a maximum financing amount of $125,000.

GAP (which stands for guaranteed asset protection) is either an addendum that amends your financing agreement or a separate insurance policy that accomplishes the same purpose.

Gap insurance is an optional car insurance coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car's depreciated value. ... Gap insurance helps pay the gap between the depreciated value of your car and what you still owe on the car.

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Fill US Gap Addendum - United States Warranty Corp.

With a US Gap plan, you are protected in the event of a total loss or an unrecoverable theft of your vehicle. Car insurance alone is not enough! We've been protecting our customers from costly repairs since 1975 with our dedication to Service, Integrity and Trust. GAP is a unique coverage program that protects you from financial disaster in case your vehicle is stolen or totaled. I bought a new car from a ford dealer a few days ago. I got home and saw gap and warranty were snuck in that I specifically stated I did NOT want. This is not a contract. The full terms, conditions, and exclusions are included in the GAP Coverage Addendum.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232