Gap insurance only pays the difference between what you owe on the loan vs what the insurance pays for damages, nothing more or nothing less. You won't be getting your deposit back, which I think you actually mean down payment.
You will start off by purchasing a new RV with a brand new loan. If the insurance pays you more than what was owed on the loan, then there is your down payment. If they don't, the GAP kicks in and pays off the difference. The most significant depreciation occurs within the first couple of year, so unless you have replacement coverage on your policy, then there's a really good chance that there's gonna be a lot of depreciation now that the trailer is considered used. Good thing that you bought the GAP coverage.
You've only had the camper on one trip, so what happened in that short of a time to determine than towing isn't fun anymore?
