Walkaway Vehicle Finance Protection
Are you protected against the unexpected?
You are when you finance or lease your next vehicle with Mike Fair Cadillac
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.
What You Get with WALKAWAY
Help Through the Unexpected
While most plans provie coverage for only one or two life events, WALKAWAY covers many, including loss of employment.
Coverage no Matter What Your Situation
Everyone qualifies regardless of age, health condition or employment record.
Protection and Peace of Mind
WALKAWAY protects your finances, credit rating and your car.
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.WALKAWAY Protection for Vehicle Financing or Leasing, is exclusively available through Mike Fair Chevrolet Buick GMC Cadillac LTD and the basic program is included with your purchase. It is the first and only program to cover all ages, as well as those with pre-existing health conditions.
Consumers return their vehicles to their selling dealership should a life circumstance make it impractical to keep it, and then are usually able to walk away from debt. They qualify for a benefit, which ranges from $7,500 to a maximum of $25,000, depending on the coverage initially selected. This amount is applied to any negative equity remaining on their vehicle.
WALKAWAY has cancelled over $100 Million in Canadian automotive debt. We’re proud to protect Canadians from financial shortfalls resulting from unexpected circumstances.
WALKAWAY covers 12 real-life events:
- Involuntary Job Loss
- Physical Disability
- Driving Restrictive Medical Condition
- International Job Transfer
- Accidental Death
- Self-Employed Personal Bankruptcy
- Critical Illness Requiring Hospitalization
- Death due to Critical Illness
- Temporary Unemployment
- Mental/ Stress Disability
- Family Medical Leave of Absence
- Self-Employed Disability
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 specific certificates of insurance for complete details regarding covered events and qualifications.