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
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.
You return your car without penalty.Depending on your coverage†, you can:
- Return your car without penalty or damaging your credit rating.
- Keep your car while WALKAWAY covers your payments.
How It Works
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.
What you get with WALKAWAY.
Help through the unexpected.
While most plans provide coverage for only one or two life events, WALKAWAY covers many, including loss of employment.
- Involuntary unemployment
- Physical disability
- Loss of driver’s licence (age & medical)
- International job transfer
- Accidental death
- Self-employed bankruptcy
- Critical illness requiring hospitalization
- Death due to critical illness
- Temporary unemployment
- Mental disability
Coverage no matter what your situation.Everyone qualifies regardless of age, health condition or employment record.
- No pre-existing health exclusions
- No health questions or good health statements
- Less restrictions and shorter waiting periods
- No employment questions
- No age limitations on complimentary coverage and less than 80 years of age on all upgrade plans
- Quicker claims settlement
- More claims paid
Protection and peace of mind.
WALKAWAY protects your finances, credit rating and your car.
Let’s say you hit an unforeseen rough patch and can no longer make payments on your car. WALKAWAY products cover the difference between the value of your car and what you owe the financial institution, up to $25,000, and let's you return it.
Your credit rating is unaffected by WALKAWAY because it’s considered an early buy-out by your financial institution.
Some WALKAWAY products include payment relief options. Payments can be made on your behalf for up to twelve months. When your payments are exhausted, you can still return your car if your condition persists. Your dealer may also suggest an alternate vehicle option to you.
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.
|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
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
|Vehicle Return Coverage|
|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|
|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|