How it works.

  1. how-1

    You buy a car from a WALKAWAY dealer.

    You get one year of complimentary WALKAWAY coverage. Within 10 days of purchasing your car you can choose to extend your coverage for the full term with more benefits.

    Upgrade your plan
  2. how-2

    Something unexpected happens.

    You get sick, have an accident, become unemployed or experience another life-changing event and can no longer make your loan or lease payments on your car.

  3. how-3

    You return your car without penalty.

    Depending on your coverage, you can:
    1. Return your car without penalty or damaging your credit rating.
    2. Keep your car while WALKAWAY covers your payments.
    Coverage ranges from $7,500 to $25,000.

Why you need it.

Unless you have a substantial down payment or equivalent valued trade-in, your car loan or lease is always greater than the value of your vehicle throughout most of your term. This can leave you vulnerable should you hit an unexpected rough patch and no longer be able to make your payments.

WALKAWAY covers the difference between your car’s value and what you owe the financial institution – up to $25,000. It lets you ‘walk away’ without any impact to your savings or credit rating.

Return the vehicle and WALKAWAY pays the difference.

What you get with WALKAWAY.

Complimentary first year + extended coverage.

Your first year is already covered – compliments of your dealership. You can choose extended coverage within 10 days of purchasing your car.

View our extended protection plans.

Quick and easy claims.

We’ll do everything it takes to help you when you need it most. Most claims are settled within 30 days.

Make a claim now

WALKAWAY gives you options.

We know everyone’s needs are different. That’s why we have several plan options available. Compare features to find the plan that best meets your specific needs. Compare plans
Elite w/ 12 Payments
Our highest level of coverage. Up to 12 months of payment relief, to keep you in your vehicle, and even more unexpected circumstances are covered
Estate Advantage
It’s worry-free for the retiree! No employment coverage, but a bigger benefit to cover your vehicle
Standard PLUS w/ 6 Payments
Our Standard protection PLUS the added benefit of 6 months of payment relief, so you can stay in your vehicle through difficult times
Standard PLUS w/ 4 Payments
Our Standard protection PLUS the added benefit of 4 months of payment relief, so you can stay in your vehicle through difficult times
Our Standard protection includes coverage in case you become critically ill
Our Basic protection makes your lease or loan worry-free for its entire term
It’s Complimentary and worry-free for your first year, but you’ll need to upgrade to stay protected for your entire loan or lease
Maximum Benefit $25,000 $20,000 $15,000 $12,500 $10,000 $7,500 $7,500
Vehicle Return Coverage
Involuntary Unemployment
Physical Disability
Driving Restrictive Medical Condition 1
International Job Transfer 4
Accidental Death 5
Self-Employed Bankruptcy 6
Critical Illness Requiring Hospitalization
Death due to Critical Illness
Temporary Unemployment
Mental Disability
Payment Relief Coverage
Involuntary Unemployment 12 Payments 6 Payments 4 Payments
Physical Disability 12 Payments 6 Payments 4 Payments
Critical Illness Requiring Hospitalization 12 Payments 6 Payments 4 Payments
Temporary Unemployment 12 Payments 6 Payments 4 Payments
Family or Medical Leave of Absence 12 Payments 6 Payments 4 Payments
Self-Employed Disability 12 Payments2 6 Payments3 4 Payments3
Mental Disability 12 Payments
1Loss of Licence for Age or Medical reasons only. 2Mental and physical disability. 3Physical disability only. 4International Job Transfer is not available in the province of Alberta or Saskatchewan. 5Accidental Death is not available in the province of British Columbia. 6Self Employed Bankruptcy is not available in the province of Saskatchewan. All full-term protection products are available on terms up to 96 months. 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 details regarding how you qualify. Copyright © 2017, under licence to Insurance Insight Inc. All rights reserved, unauthorized use, reproduction, or disclosure is prohibited.

WALKAWAY has your back.

$7 billion in debt protected internationally
$80 million in debt settled in Canada alone