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Dealership Cancellation Form CANCELLING DEALERS NAME & ADDRESS TO:CUSTOMER NAME & ADDRESS GAP POLICYLOSS DEFICIENCY SURETY INSURANCE CO. INC. PO DRAWER 83480 BATON ROUGE, LA 708843480REQUEST FOR CANCELLATION/REFUND:
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01
Fill out the necessary information on the gap contract provided by the dealership.
02
Provide accurate details about the vehicle being purchased.
03
Include any additional coverage or warranties desired.
04
Review the contract carefully before signing to ensure all terms are understood.

Who needs gap contract - dealership?

01
Individuals purchasing or leasing a new vehicle from a dealership may benefit from having a gap contract in place.
02
Those who are financing a vehicle with a loan or lease may need a gap contract to protect against potential financial loss in case of theft or total loss.
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Gap contract at a dealership is a type of insurance agreement that covers the difference between the value of a vehicle and the amount owed on a loan or lease in case of theft or total loss.
Dealerships are required to file gap contracts with the appropriate regulatory agencies.
Gap contracts at dealerships are typically filled out by the finance or insurance department, with all relevant information about the vehicle and loan/lease terms.
The purpose of a gap contract at a dealership is to protect both the buyer and the lender from financial loss in the event of a total loss or theft of the vehicle.
The gap contract at a dealership must include information about the vehicle, the loan/lease terms, the coverage limits, and the premiums.
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