WalletHub, Financial Company
@WalletHub
Yes, The Hartford offers gap insurance as an optional policy add-on. The Hartford gap insurance pays the difference between a totaled car’s actual cash value and the policyholder’s loan or lease balance, though it’s worth noting that The Hartford gap coverage does not pay the policyholder’s deductible.
The cost of The Hartford gap insurance depends on factors like your state and your vehicle’s value. Regardless, purchasing gap insurance from an insurance company is usually a better investment than purchasing this coverage from a dealership, where the cost is often rolled into your loan and charged interest. Plus, you can cancel The Hartford gap insurance once your car is worth more than your loan or lease balance.
For more information, check out WalletHub’s complete guide to gap insurance.
People also ask
Did we answer your question?