WALKAWAY Insurance

How It Works


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.

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 - You return your car without penalty.

Uturn_Sign_tiltDepending 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.

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. This means:
  • 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.FinancesLet'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.Credit ratingYour credit rating is unaffected by WALKAWAY because it's considered an early buy-out by your financial institution.CarSome 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.

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 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.Maximum Benefit
Vehicle Return Coverage
Vehicle Return Coverage

Payment Relief Coverage

Payment Relief Coverage1Loss 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

$90 million

in debt settled in Canada alone

Contact Murray GM Merritt Today for more info!

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