Millennium Asset Protection - Protecting Your Financial Future

 
WHAT HAPPENS IF YOUR VEHICLE IS RULED A TOTAL LOSS?

Will your insurance company provide a payout that covers the balance owing on your finance contract for the full term of the loan?

Insurance companies usually calculate the payout based on the current market value of the vehicle.  It is possible that the insurance payout will be less than the amount still owning on the vehicle at the time of total loss.  

You are responsible to pay the difference between the insurance payout and the amount owing on the final contract.

Millennium Asset Protection will cover that difference for you.

MILLENNIUM ASSET PROTECTION COVERS NEW & USED:
  • Private Passenger Vehicles
  • Light Commercial Use Passenger Vehicles*
  • Recreational Vehicles (ATVs, motorcycles, boats)
Covers finance amounts of up to $150,000 at time of purchase.

Notice:  The details provided above are only a summary of certain terms and conditions of the Certificate of Insurance.  Please refer to the actual Certification for complete details of the coverage and exclusions.  Not all Certificates are available in all provinces, and specific provisions may vary based upon individual provincial requirements.

*Surcharge applies
HOW DOES MILLENNIUM ASSET PROTECTION WORK?
 
  • Millennium Asset Protection will cover up to $50,000 (including up to $1,000 towards your primary insurance policy deductible).
  • Coverage is available for up to 96 months.
  • You will receive a $500 loyalty credit towards the purchase of a replacement vehicle at the selling dealership.