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Florida State Guide

Florida GAP Insurance Refund: Your Rights Under Fla. Stat. §520.07(11)

Last reviewed: August 2026

Quick answer: Florida law (Fla. Stat. §520.07(11), effective Oct. 1, 2024) requires a refund of the unearned portion of your GAP coverage when your loan ends early — but you must request it in writing within 90 days of the terminating event.

⚠ Florida requires you to request your refund within 90 days — act promptly.

If you don't submit the request in time, you may lose your right to a refund even though the unearned portion exists.

New to GAP refunds? Learn how a gap insurance refund works, and see how long does a gap insurance refund take in your state.

The statute

Fla. Stat. §520.07(11) (effective Oct. 1, 2024)

At least a 30-day free-look with full refund; after that, refund of unearned portions — but you must request it within 90 days of the terminating event. Cancellation fee capped at $75. Older contracts rely on their own terms.

The 90-day deadline

Florida requires a written request within 90 days of the terminating event (payoff, sale, refinance, or total loss). Act promptly — the window is short.

At least a 30-day free-look with full refund; cancellation fee capped at $75 (contracts on or after Oct. 1, 2024).

Refund trigger events

  • Early payoff / prepayment
  • Refinance
  • Sale or trade-in
  • Total loss
  • Repossession (early termination)
  • Voluntary cancellation (written request)

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If your refund is denied or ignored

Lender or finance company won't refund

File a complaint with the Florida Office of Financial Regulation at flofr.gov. If your lender is a national bank, complaints go to the federal CFPB at consumerfinance.gov/complaint.

And if we prepared and submitted your claim, our Service-Fee Refund Guarantee applies: a formal denial or no response after our full follow-up process means your $79 comes back.

Frequently asked questions

Do I need to request my Florida GAP refund, or is it automatic?

Under Fla. Stat. §520.07(11), Florida requires a written request within 90 days of the terminating event. It is not automatic — you must ask.

Is there a cancellation fee in Florida?

Yes. The cancellation fee is capped at $75 for contracts signed on or after October 1, 2024.

Ready to check your Florida refund?

Our free calculator applies Florida rules to your contract details and estimates your refund in about two minutes.

Important Notice

This page is general information about Florida law, not legal advice. GapInsuranceRefunds.com is a document-preparation and claim-assistance service, not a law firm. Refund amounts depend on your contract terms, dates, and individual circumstances. Primary authority: Fla. Stat. §520.07(11), effective Oct. 1, 2024.

See how your state compares: GAP refund laws in all 50 states.