Guaranteed Asset Protection
Don't be left paying on a car that no longer exists.
You might have to make a payment on a car you no longer have.
The Allstate® Guaranteed Asset Protection (GAP)1 program helps cover what you owe on your vehicle loan or lease if you experience a total loss before it's paid off. GAP waives the difference between your primary auto insurance settlement and the outstanding balance owed on your vehicle on the date of loss.1,2
Benefits
- Provides protection for new and used vehicles valued or financed up to $150,000
- Reimburses you for your primary auto insurance deductible up to $1,000
- Waives covered losses up to $50,000
- Personal Use and many Light-Duty Commercial Uses covered under same GAP Waiver
| How GAP Works | ||
|---|---|---|
| Lease/Loan Payoff | $26,000 | |
| Primary auto insurance settlement amount | -$20,000 | |
| Difference Owed | $6,000 | |
| Total GAP amount waived | -$6,000 | |
| Your out-of-pocket expense | $02 | |
Ask your dealer about Allstate® Guaranteed Asset Protection.3
This product is sold through authorized dealers around the country.