WALKAWAY

Line of Credit Protection

Balance Due (Bill of Sale)

Interest Rate (BoC + 2%)

Fetching Bank of Canada rate

Monthly Payment

Principal + Interest / month

Max Negative Equity

Peaks at month 0

Loan Balance vs. Vehicle Value

72-month amortization with vehicle depreciation

Loan Balance (What You Owe)

Vehicle Value (What It's Worth)

Negative Equity Gap

Claim Scenario

Drag to see benefit amounts at different points

Month 12 (Year 1.0)

Month 12

Balance Owed

Vehicle Value

Negative Equity

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Payment Relief Benefit

In the event of a Payment Relief claim, WALKAWAY covers up to a maximum of $1,500 per month, paid directly to your Line of Credit. This amount includes both principal and interest, actively reducing your balance. Based on the figures in this illustration, the Payment Relief Benefit would pay:

$0 per month

Disclaimer
This tool is for illustrative purposes only and does not constitute a guarantee of coverage or benefits. All values shown are estimates based on simplified assumptions including standard amortization and estimated depreciation. Actual claim amounts, benefit payments, and eligibility are determined by the terms and conditions of your WALKAWAY protection policy. Please refer to your policy certificate for complete details on coverage limits, exclusions, and claim procedures. Payment relief benefit is subject to a maximum of $1,500 per month. Product availability and pricing may vary.