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CARS GAP Program GuidelinesContact Your Dealer Development Representative Daycare GAPOverview3Features and Benefits3Program Guidelines4Underwriting Guidelines5Covered Vehicles5Termination of Addendum6Sample
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What is cars gap program?
Cars gap program is a program that provides coverage for the difference between the actual cash value of a vehicle and the amount owed on a loan or lease in the event of a total loss.
Who is required to file cars gap program?
Individuals who have purchased or leased a vehicle and have a loan or lease agreement are required to file cars gap program.
How to fill out cars gap program?
To fill out cars gap program, individuals need to provide information about their vehicle, loan or lease agreement, and insurance coverage.
What is the purpose of cars gap program?
The purpose of cars gap program is to protect individuals from financial loss if their vehicle is totaled and the insurance payout is less than the amount owed on the loan or lease.
What information must be reported on cars gap program?
The information that must be reported on cars gap program includes details about the vehicle, loan or lease agreement, and insurance coverage.
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