If the unthinkable happens and you're unable to meet your financial obligations, credit insurance payment protection programs help ensure that you make your payments and keep your vehicle.* Your Scion dealer and Toyota Financial Services offer two types of credit insurance payment protection programs.
Credit Life Insurance If you die while covered by credit life insurance, the insurance company may pay the covered balance due on your finance or lease contract during the term of insurance (up to specified limits). Joint coverage is available. If both parties insured under joint coverage die, only one benefit is payable.
Credit Disability Insurance If you become disabled while covered by credit disability insurance, the insurance company may pay the covered monthly balance due on your finance or lease contract during the term of insurance (up to specified limits). Joint coverage is available.
To file a disability claim, hospitalization is not required. Coverage includes injuries that occur at work, as well as outside of work.
Details
- How to apply
Ask for it at your Scion dealer when you finance or lease your vehicle.* Your dealer can incorporate the cost of payment protection into your monthly payment.
- No physical exam required to apply
However, as part of the application process, you will be asked to answer some health-related questions.
- Other insurance coverage
Benefits are payable, regardless of other insurance coverage you may have.
- How to file a claim
Contact the Scion Dealership where you purchased /leased your vehicle.
*Credit insurance is voluntary and may be cancelled at any time.
Credit insurance is available through your dealer and Toyota Financial Services at all participating dealers in all states except Alabama, Hawaii, Mississippi, and West Virginia.
Payment protection is Credit Life and Disability insurance and is underwritten in the state of New York by Transamerica Life Insurance Company, Inc., (Home Office - Purchase, New York). In all other states, it is underwritten by Monumental Life Insurance Company (Home Office - Baltimore, MD) or Life Investors Insurance Company of America (Home Office - Cedar Rapids, IA). This is a general description of credit insurance and not a solicitation. Credit insurance is voluntary and may be cancelled at any time. Exclusions and limitations apply. You will receive a certificate of insurance describing the coverage.
This is a general description of credit insurance and not a solicitation. Exclusions and limitations apply. You will receive a certificate of insurance describing the coverage.
Toyota Financial Services is a service mark of Toyota Motor Credit Corporation and Toyota Motor Insurance Services, Inc.
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