Total Loss Protection

Protect your savings

We hope it never happens, but if your vehicle is deemed a total loss, there can be a significant difference between the amount your insurer covers and the balance you owe to your financial institution. This difference between your primary insurance settlement and the amount owing is known as the ‘gap’, and this typically represents thousands on a wrecked or stolen vehicle. Our Total Loss Protection helps eliminate this shortfall.*

Our Total Loss Protection will:

  • Cover the ‘gap’ in your financing for up to $50,000
  • Pay your primary insurance deductible, up to $1,000
  • Provide a $500 credit for the purchase of a replacement vehicle**

It’s smart and sensible protection for your finances. It’s available at select WALKAWAY partner dealerships. Ask your dealership’s financial services representative for full details.

For Dealerships

If you’re a dealership looking to provide your customers with Guaranteed Asset Protection (GAP Insurance), our Total Loss Protection is the most robust GAP product on the market. We’re backed by A+ rated insurers and we’re on track to provide this product to over a hundred dealerships this year. Why not join the growing list? Click here to become a dealership that provides Total Loss Protection today.

**Loyalty credit is paid directly to the originating dealership to reduce the sale price when the customer purchases a replacement vehicle after an approved claim. Statements made on this site represent a summary of coverages and do not form a part of the certificate of insurance. Please consult your certificate of insurance for underwriter information and complete details regarding coverages.