Total Replacement Coverage

What's TRC Replacement Coverage?

Traditional Guaranteed Asset Protection (GAP) Insurance provides the first layer of protection against the shortfall between the remaining loan balance on your vehicle, and the insurance settlement you might receive from auto insurance policy. This essentially puts you in a break-even situation…but you still need to get a new vehicle.

Enter TRC (Total Replacement Coverage Powered by GAP RS). In addition to what traditional GAP pays, TRC is a replacement subsidy so that you can not only settle the original financing but you now receive a credit toward the purchase of the same or similar vehicle that you originally purchased, including coverage for increased MSRP due to inflation.

Coverage Highlights

Don't go out of pocket is your vehicle is a total loss, replace your vehicle for little to no cost.

  • Cover vehicles up to $150,000
  • Terms up to 84 months
  • Primary deductible coverage up to $500 for vehicles up to 7 years old
  • Available for new & used vehicles
  • Helps maintain your credit rating
  • Protects against inflation
  • Covers primary deductible up to $1,000
  • Insured by Canadian Premier General Insurance Company