I currently have GAP coverage and am using Carputty to refinance. Will my GAP insurance carry over to my new loan?
This depends on the terms of your current GAP insurance plan. Generally, GAP does not follow the vehicle as it is an addendum to the existing loan and ends if the policyholder refinances. You can review your plan’s contract to confirm the terms.
In the majority of cases, Carputty will pay off your existing loan, which includes the GAP coverage you financed. If you wish to get new GAP insurance, we do offer it through Carputty Coverage, along with Vehicle Service Contracts and 24/7 Roadside Assistance. You can add any of these options when you refinance. Contact help@carputty.com for more details.
