With Companion Replacement Warranty, you’re in the driver’s seat. You can lock in comprehensive coverage for up to 7 years with no annual renewals, no annual increases and no chance of cancellation due to driving experience or losses.

* Available in Ontario and the Atlantic Provinces Only

Program Benefits

  • Your new vehicle is replaced with a current model in the event of Total Loss due to theft, fire or accidental damage. For example, if your 2006 vehicle is stolen and declared a total loss, we are going to provide you with a current vehicle similarly equipped.
  • For pre-owned vehicles you get the advantage of a replacement credit that is adjusted annually for inflation. For example, if you have a 3 year old vehicle and it’s declared a loss 3 years later, you’ll receive a credit towards a 3 year old vehicle NOT a 6 year old vehicle.
  • Lock in your rate for up to 7 years.
  • Rental vehicle coverage that picks up where your primary insurer leaves off.
  • The transfer option in the first 3 years is a great re-sale feature.
  • Deductible coverage up to $500 for a Total Loss and $250 for a Partial Loss mitigates the financial impact from an accident, fire or theft.
  • Upgrade to original parts coverage.

Coverage is available on…

  • Vehicles with a purchase price of up to $125,000
  • Convertibles, sport-utility vehicles, diesel engines
  • New and pre-owned vehicles with no mileage restrictions
  • Small trucks with a cargo load up to one ton

Statistics show…

  • Traffic Collisions cost Canada $62.7 billion each year.
  • Vehicle theft accounts for 13.5% of all property crime in Canada.
  • The rate of cars stolen in Canada is among the highest in the world. According to Statistics Canada a car is stolen every 3 minutes.
  • Each year, automobile theft costs Canadians close to $1 billion, including $542 million for insurers to fix or replace stolen cars.

* This product is available in Ontario and the Atlantic Provinces only. Terms and conditions apply. Please visit your local dealership to inquire about the Companion Replacement Warranty program.

  1. Transport Canada 2009
  2. Insurance Bureau of Canada Facts Book 2009
  3. Statistics Canada
  4. Insurance Bureau of Canada 2012