Honda's financial services offer you extraordinary flexibility. Whether you wish to lease or buy your next vehicle, our experts have a solution for you.
However, no matter what your choice is, the question of insurance concerns everyone. Fortunately, Honda is there to help you sleep soundly. Here's a quick look at what's available to you.
1 - life insurance
Life insurance allows you to really get on the road with peace of mind. This coverage ensures that the balance of your loan will be repaid in the event of your death. Better yet, your loved ones will keep your car instead of having to pay for it.
2 - disability insurance
It is the last insurance you wish to have to use, but when needed, it acts as a lifeline. In the event of a disability that would deprive you of your income, your vehicle payments continue to be made. This coverage provides benefits until you are able to return to work. Best of all, it's in addition to other insurance you may have and it doesn't require you to be confined to your home or hospitalized to take advantage of it.
3 - Critical Illness Insurance
A disability can be temporary, but can also be permanent. In this case, you can take advantage of critical illness insurance that reimburses the balance of your loan in the event of a heart attack, a situation that requires a transplant, paralysis, bypass surgery or stroke (cerebrovascular accident). Here, the goal is to help you get better, not to worry about your car loan.
4 - Job loss insurance
Finally, job loss insurance is there to guarantee your car loan payments in the event of involuntary job loss. It also protects your credit rating and covers injuries that could keep you temporarily away from your source of income.