Protection for you, your family and your way of life
Being off work due to illness or injury is no joke. That's why Toyota Insurance has designed solutions to help protect you in such uncertain and difficult circumstances. These can help you to:
- Make your car repayments;
- Keep your car;
- Reduce your financial burden;
- Protect your credit rating; and
- Maintain your income - even if you still get paid whilst you're off work.
We can even help you make your car repayments if you become involuntarily unemployed.
But of course there are worse things that can happen. For example, imagine the financial impact your death could have on your family. Payment Protection Insurance contains a 'death cover' option which may give your family additional peace of mind.
We're here to protect both individuals and businesses when you purchase your vehicle.
Payment Protection Insurance - Personal
We can provide protection for your vehicle finance payments in the event of death, injury and illness or involuntary unemployment.
Generally, no medical examination is required and you have the peace of mind that in any such event we will make the payments to your financier, even if your salary continues. However, cover for pre-existing conditions are excluded.
In the event of death, Payment Protection Insurance will pay out your entire vehicle finance agreement up to a maximum of $100,000.
You have a choice of 4 cover options:
- Option 1: Loan Payout Insurance - Death
- Option 2: Payment Protection Insurance - Injury & Illness
- Option 3: Payment Protection Insurance - Involuntary Unemployment*
- Option 4: You may chose a combination of or all of the above insurances
*Cannot be purchased without Illness and Injury cover option.
Payment Protection Insurance - Business Use
Payment Protection Insurance is available on both consumer and commercial finance contracts, which means business customers can also benefit from this cover.
Aioi are the insurer of the injury, illness and involuntary unemployment covers under the policy. CUNA Mutual are the insurer of the death cover component of the policy. Aioi provide financial services in respect of the death cover under a binder given to it by CUNA Mutual.