Get Gap Addendum
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How to fill out the Gap Addendum online
Filling out the Gap Addendum online is a straightforward process that helps protect you against financial loss in the event of a total loss of your vehicle. This guide provides step-by-step instructions to ensure that you can complete the form easily, regardless of your previous experience.
Follow the steps to complete the Gap Addendum online.
- Press the ‘Get Form’ button to access the Gap Addendum. This will allow you to open the document and begin filling it out in your preferred online editor.
- In the 'Financing Agreement Type' section, select one of the options: 'Installment Sale Contract,' 'Loan,' 'Lease,' or 'Other' by clicking the appropriate checkbox.
- Complete the 'Covered Vehicle Information' section by entering details such as MSRP, original contract date, make, year, model, VIN#, APR%, mileage, and whether the vehicle is 'New' or 'Used.' Ensure that all fields are filled in accurately.
- Fill in the 'Dealer Information' section with the dealer's name, fax number, phone number, address, dealer number, city, state, and zip code.
- Provide the 'Lender/Creditor/Assignee Information' including the lender's name, fax number, phone number, address, finance agreement number, city, state, and zip code.
- Enter your personal information in the 'Borrower Information' section, including last name, first name, middle initial, phone number, address, city, state, and zip code.
- Choose whether you elect to purchase the Gap Addendum by checking the box 'I ELECT THE GAP ADDENDUM.' If you do not wish to purchase it, check the 'I DO NOT CHOOSE TO PURCHASE THE GAP ADDENDUM' box.
- Sign and date the form in the designated areas to confirm your acknowledgment of the information provided and your consent to the terms.
- Finally, save the changes, and you will have the option to download, print, or share the completed Gap Addendum as needed.
Complete your Gap Addendum online today to ensure your financial protection!
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.
Fill Gap Addendum
A gap waiver is a debt cancellation agreement which absolves you from paying the difference between what you owe on the vehicle and what it's worth. The provision says: "The Addendum will provide coverage to the Collateral where the Amount Financed to Value Ratio (AFVR) exceeds the Maximum AFVR stated above. This Guaranteed Asset Protection (GAP) Addendum (Addendum) amends Your Financing Contract. Our goal is to process your claim as quickly as possible. Check out the list of required documents below and click the button below to get started. GAP is not insurance. To help expedite your claim, please locate your GAP waiver addendum and provide us the GAP addendum number in the top, right corner.
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