Does Gap insurance transfer when you refinance your car??

Question

Gap insurance was included in my car loan 4 years ago. I refinanced with the same company, does the gap insurance remain???

Answer 1

In traditional instances no. Usually a GAP insurance policy is tied to the loan, not the car. And if you refinanced, you opened another loan entirely. Even with the same company it can be lost after refinancing.

Now some after market GAP insurance policies might stand with the car, but you'll have to read the fine print on the contract.