Companion GAP Coverage
Never owe more than your car is worth
If your vehicle is totaled or stolen, your insurance pays the current market value — but that's often less than what you owe on your loan. Companion GAP Coverage bridges the gap so you're never stuck paying for a car you can't drive.
How It Works
Incident Occurs
Your vehicle is declared a total loss due to collision, theft, fire, or other covered peril.
Insurance Pays Out
Your auto insurer pays the vehicle's current market value — which depreciates the moment you drive off the lot.
GAP Covers the Rest
Companion GAP Coverage pays the remaining balance on your loan or lease, so you owe nothing out of pocket.
What's Covered
- Difference between insurance payout and loan/lease balance
- Theft or total loss due to collision, fire, or other covered peril
- Lease gap amount if applicable
- Coverage for the full length of your loan or lease
- Automatic attachment to your financing agreement
Not Covered
- Deductibles on your insurance policy
- Missed or late loan payments
- Regular maintenance or mechanical repairs
- Voluntary surrender of the vehicle
- Negative equity rolled over from a previous loan
Key Benefits
Financial Security
Protects your finances from large unexpected bills after a total loss event.
Peace of Mind
Drive knowing you won't owe more than your car is worth — ever.
Easy & Automatic
Coverage attaches directly to your financing agreement with zero hassle.
Full-Term Protection
Active for the full length of your loan or lease — no gaps in coverage.