Does Travelers have gap insurance?

I'm currently insured with Travelers and I'm getting a brand new 2021 Hyundai Elantra. I want to stay insured with them, but I need gap insurance. Do they offer it?

Answer
Travelers offers gap insurance on some of their policies. However, they use the term Loan/Lease Payoff instead of gap insurance.
Since you have insurance with Travelers, you can reach out to them or your agent. They can tell you whether they offer gap insurance on your policy. If so, they’ll give you an updated premium based on your new vehicle and coverage. Travelers gap insurance does not cover:
  • Extended warranties
  • Carry-over balances
  • Overdue payments
  • Lease penalties
You also have to be the original owner of the vehicle to get gap insurance.
If gap insurance from Travelers isn’t an option, you may need to shop around.
Use the Jerry app to shop around and find the best deals from over 50 top insurance companies.”
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Emily Maracle
Answered on Aug 16, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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