Auto Replacement Policy
What exactly is auto replacement protection with Allstate? If my 2020 SUV is considered a total loss, will I receive more than its KBB (Kelley Blue Book) value?
Auto replacement policy
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Auto replacement protection is an insurance feature offered by Allstate that can provide you with a replacement vehicle rather than just the cash value based on standard market valuations like Kelley Blue Book (KBB). If your 2020 SUV is totaled, this protection may allow you to receive a payout that covers the cost of a new vehicle of similar make and model, rather than the potentially lower amount calculated based on depreciation.
It’s important to review your specific policy details, as coverage can vary. You should also contact your Allstate agent to clarify how the auto replacement protection works in your case and what amounts you might expect in the event your vehicle is declared a total loss.