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
- 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|
|Primary auto insurance settlement amount||-$20,000|
|Total GAP amount waived||-$6,000|
|Your out-of-pocket expense||$02|