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
1 This information is for marketing purposes only and is a summary of the Guaranteed
Asset Protection (GAP) Addendum. Programs may vary by dealer/ lender/state.
GAP is not insurance. Please refer to the Addendum provisions for specific
information including details of benefits, terms, vehicle eligibility, conditions,
limitations and exclusions that apply to this program. Maximum eligibility limits
2 This example is for illustrative purposes only. Actual GAP waiver calculations will
vary based on the specific circumstances.
The GAP Addendum may not waive your entire loan balance. Please refer to the
Net Payoff definition in your GAP Addendum for specific information including
details of amounts not included (e.g. late charges, delinquent payments, deferred
3 Please note that the purchase of a GAP Addendum is absolutely voluntary and is
not required by the dealer as a condition of receiving a loan. The program offered
may duplicate coverage you might already have through a personal auto insurance
policy or other source of coverage.
The Allstate® GAP Program is administered by E.R.J. Insurance Group, Inc. d/b/a
American Heritage Insurance Services, a member of the Allstate family of companies.
This site is for informational purposes only. Please talk to a participating dealer for help determining which Allstate products are right for you.