Toyota Payment Protection meets your vehicle finance repayments in the event of unemployment, an accident, illness or death - up to $50,000.

>What is Toyota Payment Protection (TPP)?
>What are the different types of cover?
>How does it work?
>Should I choose single or joint cover?
>How do I make a claim?
>Any questions?

What is Toyota Payment Protection?
You’ve just purchased your new vehicle or boat. It looks great, it’s just what you were after and your finance plan is in place. But what if things change and for some reason you are suddenly unable to meet your repayments? Payment Protection is a quick, easy and affordable way to make sure you can keep up your payments.

It's often the case that even though people buy insurance to protect their assets and lifestyle, they often forget that one of their biggest assets is their ability to earn an income. So when you take on a new financial commitment (such as vehicle or boat finance), it makes sense to consider purchasing additional payment protection in case you are unable to meet your payments.
• Meets your finance repayments in the event of unemployment, an accident, illness or death – up to $50,000
• Conveniently included in your regular monthly finance payments
• It’s hassle free – no physical examination is required to qualify
• Cover begins immediately on approval of your finance application
• You don’t pay for more cover than is needed – only for the amount financed
• Toyota Payment Protection covers you in addition to any other cover you may already have
• Fixed contract premium for the term of your finance
• Your premium is rebated if your finance contract is settled

What are the different types of cover?
Unemployment and redundancy protection:
If you are officially dismissed, suspended or made redundant from full-time employment, your payments are covered. In fact, we'll take over the payments only 31 days after you become unemployed, and we'll keep on paying them for a maximum of 180 days.

Unemployment has to be by the way of official written notice of dismissal or suspension from full-time employment.

If your payment amounts vary, we will calculate a daily amount to pay while you are off work. To do this, we will take the total amount of your payments under your loan agreement and divide it by the number of days in the loan agreement.

Accident and illness protection:
If you're unable to work for a period longer than seven consecutive days, we'll meet your payments until your loan is repaid or until you are medically fit to return to work.

You will need medical confirmation that you have been unable to work for a period longer than seven consecutive days.

If your payment amounts vary, we will calculate a daily amount to pay while you are off work. To do this, we will take the total amount of your payments under your loan agreement and divide it by the number of days in the loan agreement.

Life protection:
With Toyota Payment Protection your family is protected in the event of your death. The amount owing will be paid in full at the time of your death (to a maximum of $50,000). The only thing your estate will ever have to cover is any payments that were overdue at the time of your death.

A copy of Toyota Payment Protection policy exclusions are available from either your dealer or Toyota Financial Services

How does it work?
If the unexpected should happen , e.g. you were to lose your job or fall sick, Toyota Payment Protection gives you peace of mind today - because you or your family won't have to worry about your repayments. They'll be made for you.

With TPP you have complete financial security from day one, because your cover begins as soon as your finance application is approved.

It's really easy too! No medical examination is required, there's only one form to fill out and the policy is written in plain English. You don't even have to arrange a separate policy payment for the policy premiums, because the extra amount can be included in your finance payments.

Should I choose single or joint cover?
If you make a joint purchase, e.g. a husband and wife receive finance on a new car, you can choose either a single or joint cover.

Single cover is for only one person on the finance agreement, whereas joint cover covers both of you for less than the cost of two individual policies.

With joint cover, each of you is treated as an individual policy holder, and both of you are able to make individual claims. For example, if a husband and wife are both working and the husband falls sick or loses his job, the payments are covered even though his wife is still working.

How do I make a claim?
You can download a claim form from this site (see top right of screen) or claim forms are available from Toyota Financial Services. Simply call us free on 0508 GO TOYOTA
(0508 46 86 96) and we'll help you with your claim.

It's important to remember that we need to receive your completed claim form within 30 days of you first being aware of the need to make a claim.

The policy underwriters, Aioi Management NZ Limited or Asteron Life Limited, may require some specific documentation for your claim, e.g. medical certificates, notice of dismissal etc, but we'll let you know what is required at the time.

Any questions?
At Toyota Financial Services we can advise you on the aspects of Toyota Payment Protection that best meet your needs and issue your policy straight away to give you immediate cover.

A copy of the policy and policy exclusions are available either from Toyota Financial Services or your local Toyota dealer.

For more information please call us on 0508 GO TOYOTA
(0508 46 86 96) or your local Toyota dealer.
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