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I don't know, but, the GAP policy I had used the formula: Outstanding loan balance minus cash value as the beginning of it's calculation. Then it went out to subtract refunds of extended warranties, etc. It really sounds like it is doing the same thing as "regular" insurance. I can't see where it would pay out very often since cars depreciate so much and so quickly. Thanks for the reply, but that wasn't my question. I was wondering how many people ever file claims against their GAP insurance; i.e. the percentage of GAP policies which ever have a claim made against them.

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Q: What is the percentage of GAP policies that are paid out?
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