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Why doesn’t GAP carry over if I refinance my loan?

GAP applies to a specific loan and typically is non-transferable. If you refinance a loan that has GAP, you will likely lose the coverage. If you want GAP coverage on your new loan, you will need to purchase a new GAP policy.

GAP applies to a specific loan and typically is non-transferable. If you refinance a loan that has GAP, you will likely lose the coverage. If you want GAP coverage on your new loan, you will need to purchase a new GAP policy.

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