Kia Job-Loss Protection Program
It can be scary buying a new vehicle, especially in these uncertain economic times. You want to make sure you don’t leave yourself unprotected, should something unexpected happen.
At Kia, not only do we want to make sure our customers get into a vehicle that they love at a price they can afford, we want them to leave our dealership feeling confident in their decision to buy. That’s why we designed the Job-Loss Protection Program. Kia will pay the cost of Job Loss Insurance that will cover up to 6 months of your first year’s lease or finance payments – to a maximum of $3,000 – in the unfortunate event you lose your job.
Kia Canada Inc. (‘Kia’) will pay for the cost of Job Loss Insurance (‘JLI’) that may cover up to six months of the first year’s lease or finance payments (to a maximum of $500/month and a total maximum $3,000). If involuntary job loss (as defined in customer’s JLI product guide and certificate of insurance) occurs within 60 days of the effective date of insurance (as indicated in customer’s JLI product guide and certificate of insurance), no loss of employment insurance benefits will be claimable. If involuntary job loss occurs after 60 days of the effective date of insurance, customer must file a claim and is subject to a 60-day waiting period. If approved, payments will begin following the waiting period and are not retroactive. The term of this insurance is for 12 months from the effective date of insurance, and no benefits will be paid past the 12th month of the term. The Program only applies to customers who: a) are not covered by Kia Protect Loan Protection; b) have been continuously employed at their principal occupation for a minimum of 20 hours per week for the last 12 consecutive months; (c) have not received formal or informal notice of impending job loss on the date of their lease or finance contract; and d) are not self-employed, seasonally employed or an elected government official. Documentation may be required. See your Kia retailer for complete details and conditions. Kia Protect – Job Loss Protection is underwritten by Co-operators Life Insurance Company, a member of The Co-operators group of companies and administered by LGM Financial Services.