*Includes coverage for up to two (2) 30-day payment periods
**Includes coverage for up to two (2) or three (3) 60-day lump sum payments
† Includes coverage for up to four (4) 60-day lump sum payments
††Due to age or medical impairment
This represents a summary of coverages and does not form a part of the certificate of insurance. Employment related coverages (excluding disability) begin on the 91st day. Please consult your certificate of insurance for complete detail.
12-Month Complimentary
12-month WALKAWAY is complimentary to anyone who chooses to arrange financing or leasing through an Authorized WALKAWAY Retailer.
Provides up to $7,500 of coverage for early termination shortfalls for the following circumstances:
- Involuntary Unemployment
- Physical Disability
- Loss of Driver's License due to Age or Medical Impairment
- International Employment Transfer
- Self-Employed Personal Bankruptcy
- Accidental Death
Other program features and benefits:
- Covers previous loan or lease deficiencies up to the policy limits
- No limit on amount financed
- Applies to new and pre-owned vehicles, leased or financed
- Open to all ages
- No pre-existing health exclusions
- No medical examinations or health questions
* All employment-related terms and conditions are in accordance with
Human Resources and Social Development Canada guidelines. For more
information please visit
http://www.hrsdc.gc.ca
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12-Month Basic with Payment Relief X 2
WALKAWAY 12-Month Basic with Payment Relief X 2 = WALKAWAY 12-Month Complimentary.
It covers the same 6 life events for up to $7,500.
Anyone under 79 years of age may upgrade to WALKAWAY Basic with 2-Month Payment Relief for 12 months of worry-free financing. It let's you keep driving even if a covered event occurs.
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Up to 2, 30-day payment periods (2 months), lets you choose to keep your vehicle
if your circumstances change - while up to 60 days of loan or lease payments are made directly to the
lender on your behalf
Payment Relief
WALKAWAY 12-Month Basic with Payment Relief X 2 pays directly to your lender a lump sum
equal to 2 x 30 days of loan or lease payments in the event of involuntary job loss or physical
disability up to $500 each. This payment is NOT pro-rated and never has to be re-paid even if
you regain health and/or return to work inside the 2 x 30-day periods. Vehicle return privileges
remain in effect for all covered events after the payment relief options are exhausted, including
the one that triggered the payments.
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Full-Term Basic
WALKAWAY Full-Term Basic = WALKAWAY 12-Month Complimentary. It covers the same 6 life events for up to $7,500.
Anyone under 79 years of age may upgrade to WALKAWAY Full-Term Basic for up to 84 months of worry-free financing. It let's you keep driving even if a covered event occurs.
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Full-Term Standard
WALKAWAY Full Term Standard = WALKAWAY 12-Month Complimentary. It covers the same 6 life events PLUS:
- Increases your coverage from $7,500 to $10,000.
- Provides extended coverage for critical illness requiring hospitalization and death due to critical illness.
Now you are covered for 8 life events for up to $10,000.
Anyone under 79 years of age may upgrade to WALKAWAY Standard for up to 84 months of worry-free financing.
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Full-Term Standard with Payment Relief X 4 or 6
WALKAWAY Full-Term Standard with Payment Relief X 4 or 6 = WALKAWAY Standard. It covers the same 8 life events PLUS:
Anyone under 79 years of age may upgrade to WALKAWAY Standard with 4-Month Payment Relief for up to 84 months of worry-free financing. It let’s you keep driving even if a covered event occurs.
- Up to 4 or 6, 30-day payment periods (4 or 6 months), lets you choose to keep your vehicle if your circumstances change - while up to 120 or 150 days of loan or lease payments are made directly to the lender on your behalf
Payment Relief
WALKAWAY Full-Term Standard with 4 or 6-month Payment Relief, pays directly to your lender a
lump sum equal to 4 x 30 or 6 x 30 days of loan or lease payments in the event of involuntary job
loss, physical disability or critical illness up to $500 each. This payment is NOT pro-rated and
never has to be re-paid even if you regain health and/or return to work inside the 4 x 30 or 6 x
30-day periods. Vehicle return privileges remain in effect for all covered events after the payment
relief options are exhausted, including the one that triggered the payments.
Once you have supplied proof of claim a lump sum payment will be made directly to your vehicle
loan or lease holder totalling 60 days of your payments, then after you re-submit continued proof
of claim the other lump sum payment totalling 60 days of your payments will be made. Once 120
or 150 days of payments have been effected to your account you eligible for continued payments
after a 30 day interim waiting period.
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Full Term Estate
Anyone under 79 years of age may upgrade to WALKAWAY Full Term Estate for up to 84 months of worry-free financing. It is ideal for retirees who no longer require employment-related coverage.
Provides up to $20,000 of coverage for early termination shortfalls for the following circumstances:
- Critical Illness requiring hospitalization
- Death Due To Critical Illness
- Loss of Driver's License due to Age or Medical Impairment
- Accidental Death
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Full-Term Elite with Payment Relief X 8
Anyone under 79 years of age may upgrade to WALKAWAY Full-Term Elite with 8-Month Payment Relief for up to 84 months of worry-free financing. It let’s you keep driving even if a covered event occurs.
WALKAWAY Full-Term Elite with Payment Relief = WALKAWAY Standard. It covers the same 8 life events PLUS:
- Increases your coverage from $10,000 to $20,000.
- Provides extended coverage for temporary job lay off, mental/ stress disability – unable to work, family/ medical leave of absence and self-employed disability – unable to work
- Up to 8, 30-day payment periods (8 months), lets you choose to keep your vehicle if your circumstances change - while up to 240 days of loan or lease payments are made directly to the lender on your behalf
Now you are covered for 12 life events for up to $20,000.
Once you have supplied proof of claim a lump sum payment will be made directly to your vehicle loan or lease holder totalling 60 days of your payments, then after you re-submit continued proof of claim another lump sum payment totalling 60 days of your payments will be made. Once 120 days of payments have been effected to your account you eligible for continued payments after a 30 day interim waiting period
Payment Relief
WALKAWAY Full-Term Elite with 8-month Payment Relief pays directly to your lender a lump
sum equal to 8 x 30 days of loan or lease payments in the event of permanent/ temporary job
loss, physical/ mental disability, critical illness, family/ medical leave of absence or selfemployed
disability (physical/ mental) up to $750 each. This payment is NOT pro-rated and
never has to be re-paid even if you regain health and/or return to work inside the 8 x 30-day
periods. Vehicle return privileges remain in effect for all covered events after the payment relief
options are exhausted, including the one that triggered the payments.
Download Brochure