Lease Insurance
Lease insurance can help you protect your ability to meet your financial obligation in the event of your death, disability, critical illness or job loss. You can enrol for lease insurance directly through your participating lender at the same time you apply for a lease.
We offer comprehensive life, disability, job loss and critical illness coverage. The details and benefits of coverage vary by lender and product. Benefits are paid directly to your lender.
- Life – If you die, the insurance can pay your outstanding balance, up to a pre-determined maximum.*
- Disability – If you become disabled, the insurance can pay your minimum monthly payment, up to a pre-determined monthly amount.*
Most often, acceptance is automatic on the date you apply and medical examination may not be required for enrolment. You can often add the premiums to your lease payments.
All benefits are subject to conditions that are fully described in the certificate of insurance that you receive when you enrol for the insurance.
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