I was refunded for my gap insurance twice. Can I cash both checks?

When I refinanced my car, I removed the gap coverage since I didn't think it was needed anymore. I then got a refund from the dealer and the bank, both for the same amount. Can I keep both checks?

“While a surprise check in the mail is nice, you may want to check with the bank and dealer before you cash it.
It could be that they are both for you or that they are duplicated. If you cash both checks, you may end up owing the dealer or the bank when they realize the error.
Also, take a look at your purchase agreement. Did you buy a warranty at the time of purchase? It could be that you are being refunded both the warranty and the gap coverage. If you are and still want the warranty, get in touch with the dealer right away. “
Shannon Martin
Answered on Apr 29, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.

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