WALKAWAY Total Loss Protection™

Protect your savings

Total Loss Protection™ has your back.

Chances are, you have been involved in an auto accident or know someone who has. It’s a lot more common than you think and when it does happen, more and more vehicles are being written off or deemed a total loss today than ever before.

And, sometimes your primary auto insurance payout isn’t enough to cover the balance of what you owe to your financial institution – this shortfall is called the ‘gap’ and it’s increasing year after year amounting to several thousand dollars on average. This is where WALKAWAY Total Loss Protection™ can help. It reduces or eliminates this ‘gap’ altogether.

You may need Total Loss Protection if:

  • You are financing a vehicle for more than 60 months
  • You are rolling outstanding debt into your new vehicle purchase
  • Your downpayment is less than 20% of the value of the vehicle
  • You don’t know how long it will take to pay off the principal of your vehicle

What’s covered?

  • Up to $50,000 of a shortfall
  • Up to $1,000 primary insurance deductible*
  • $500 loyalty credit**
  • Up to 96-month terms
  • Loans or leases up to $125,000
  • Applies to new, demonstrators & pre-owned vehicles not used for commercial purposes

WALKAWAY Total Loss Protection™ is available at select WALKAWAY dealerships. Ask the dealership’s Financial Services representative for full details.

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.

* Deductible coverage applies on an approved claim only when the primary auto insurance payout does not cover the entire balance of the lease or loan

** The loyalty credit is paid directly to the originating dealership to reduce the sale price when a replacement vehicle is purchased after an approved claim

For Dealerships

If you’re a dealership looking to provide your customers with Guaranteed Asset Protection (GAP Insurance), WALKAWAY Total Loss Protection™ is the most robust GAP product on the market. Insurance Insight Inc. is the exclusive distributor of WALKAWAY Total Loss Protection™. If you’re a forward-thinking dealership and would like to join our growing list of dealership partners please contact us today at .

This represents a summary of coverages and does not form a part of the certificate of insurance. Please consult your certificate of insurance for complete details regarding how you qualify. WALKAWAY Total Loss Protection™ is underwritten by Trisura Guarantee Insurance Company. Copyright © 2020, under licence to Insurance Insight Inc. (operating as Insurance Insight Solutions in BC). WALKAWAY Total Loss Protection™ is not available to residents of BC or QC. All rights reserved, unauthorized use, reproduction, or disclosure is prohibited. WALKAWAY is a registered trademark and used under licence by Insurance Insight Inc.