Lease GAP Insurance Claim
Policyholder Information
Name | [Your Name] |
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Address | 123 Elm Street, Springfield, IL, 62701 |
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Contact Number | (555) 123-4567 |
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Email | [Your Email] |
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Policy Number | GAP123456789 |
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Vehicle Information
Make | Toyota |
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Model | Camry |
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Year | 2050 |
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VIN | 1HGCM82633A123456 |
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Leasing Company | AutoLease Inc. |
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Accident Details
Date of Accident: September 15, 2053
Location of Accident: 456 Oak Street, Springfield, IL, 62701
Description of Accident: The insured vehicle was involved in a rear-end collision, resulting in total loss. The accident occurred at an intersection when another vehicle failed to stop at a red light.
Claim Details
The net settlement amount paid by the auto insurance company for the total loss of the vehicle is $20,000.
Outstanding Lease Balance
Principal Balance | $25,000 |
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Early Termination Fees | $500 |
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Other Charges | $300 |
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Total Outstanding Balance | $25,800 |
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Claim Calculation
Total Outstanding Balance: $25,800
Net Settlement Amount: $20,000
Gap Amount: $5,800
The provided details confirm that the policyholder is entitled to a gap settlement of $5,800. This settlement will cover the difference between the insurance settlement and the outstanding lease balance.
Supporting Documents
Declaration and Signature
I declare that the information provided in this claim is accurate and complete to the best of my knowledge. I understand that we calculated the gap settlement amount of $5,800 to cover the difference between the insurance settlement and the outstanding lease balance. I authorize the release of any necessary information to process this claim and agree to adhere to the terms and conditions outlined in my policy.
[Your Name]
[Date]
Insurance Claim Templates @ Template.net
