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?

Answer provided by
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Shannon Martin
Answered on Apr 29, 2021
“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. “
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