Are Allstate and National General the same?
Yes, SquareTrade is a wholly owned subsidiary of The Allstate Corporation. Allstate acquired SquareTrade—a prominent provider of consumer protection plans and warranties for mobile devices, electronics, and major appliances—in a multi-billion-dollar deal designed to diversify its revenue streams and reach "connected consumers". Although SquareTrade continues to operate under its recognizable consumer-facing brand name and powers warranties for major retail giants like Amazon, Costco, and Target, the company functions entirely under Allstate's corporate ownership, blending SquareTrade's retail logistics framework with Allstate's financial backing and deep insurance risk management expertise.
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