Document background
The Gap Insurance Cancellation Form is a crucial document used when a policyholder wishes to terminate their gap insurance coverage before its natural expiry. This form, compliant with English and Welsh law, ensures proper documentation of the cancellation request and protects both the insurer's and policyholder's interests. It captures essential information including policy details, reason for cancellation, and refund preferences, while adhering to FCA regulations and consumer protection requirements. The form is particularly relevant when vehicles are sold, written off, or when policies are cancelled within the cooling-off period.
