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INSURANCE

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Product provided by CANADIAN TRUCK WARRANTY.

Insurance

CANADIAN TRUCK WARRANTY has partnered with NAL to provide superior insurance products for the trucking industry

 

Mechanical Failure doesn't have to keep you down and out!

NAL Insurance offers a Mechanical Downtime Program that you can tailor to your own individual needs. Mechanical failure is often unexpected and never invited—but it no longer has to stop you from earning an income.
  • Available for vehicles 5-years old or newer
  • Options of $100-$1,000/week
  • 5-day waiting period
  • Maximum benefit up to 12 weeks
  • Up to $2,000 to tow your vehicle to home base; or
  • Up to $500 to tow your vehicle to the closest repair facility

Mechanical Downtime Protection

Driver Protection Benefits
 

  • Up to $10,000 for loss of life or dismemberment
  • Up to $10,000 for paralysis
  • $25-$2,500 lump sum payout for fractures, cuts requiring stitches, dislocations, and morel 
  • Covers whoever is injured while driving the insured vehicle
  • Up to $10,000 for Home Alterations & Vehicle Modifications

Additional Available Coverage

  • Accident Downtime up to $1,000/week
  • Write-Off Protection up to $50,000 
  • Deductible Buydown which will allow you to bring your current primary deductible down to an affordable level to a maximum of $50,000 reduction in deductible

Having a vehicle written off can become very costly if you're not properly covered. Write-off Protection will pay up to $30,000 to assist in the event of a write-off.

 

Outstanding Loan Balance:

Covers the difference between your loan balance and the settlement the amount you receive from your truck insurer. 

Deductibles:

With deductibles on the rise, It's important to have coverage to pay off your deductible in the event of a write-off. 

Down Payment:

Don't lose the money you put down to purchase your new vehicle. This product provides you with money to put towards a downpayment on a new vehicle.

Write-Off Protection Coverage

Details, Options, and Pricing

  • Up to $30,000 in coverage
  • Covers write-offs due to an accident
  • Benefits can be used to pay money owed to your finance company, deductibles, down payments, or rental vehicles
  • Up to $30,000 In Driver Injury Protection

Additional Available Coverage

  • Accident Downtime up to $1,000/week
  • Mechanical Downtime up to $1,000/week
  • Deductible Buydown which will allow you to bring your current primary deductible down to an affordable level to a maximum of $50,000 reduction ln deductible

Just because your vehicle is down, doesn't mean you have to be!

 
NAL insurance offers an Accident Downtime Program that you can tailor to your own individual needs. Let's face it, if your vehicle is down, as a result, of a traffic accident, you may not be injured, but your income stops and your bills continue. 
  • Options of $100-$1,000/week 
  • 5-day waiting period
  • Maximum benefit up to 12 weeks 
  • Up to $2,000 to tow your vehicle to home base; or 
  • Up to $500 to tow your vehicle to the closest repair facility 

Accident Downtime Protection

Driver Protection Benefits

  • Up to $10,000 for Loss of Life or dismemberment
  • Upto $10,000for Paralysis
  • $25-$2,500 lump sum payout for fractures, cuts requiring stitches, dislocations. and morel 
  • Cover's whoever is injured while driving the insured vehicle
  • Up to $10,000 for Home Alterations & Vehicle Modifications

Additional Available Coverage

  • Mechanical Downtime up to $1,000/week
  • Write-Off Protection up to $50,000 
  • Deductible buydown which will allow you to bring your current primary deductible down to an affordable level to a maximum of $50,000 reduction In deductible

One little accident is all it could take to put your entire business In Jeopardy…

 
Let's face It, deductibles are not cheap. If you're In an accident In your truck, you might find yourself stuck with a deductible payment even If you weren't at fault (I Ike In Ontario and other no-fa ult jurisdictions) 
  • Tractor, Trailer, and Cargo Coverage
  • Covers At-Fault and No-Fault Accidents
  • Tax-Free Lump Sum Payment of Benefits
  • Third-Party Liability Coverage
  • Includes Driver Injury Protection

Deductible Buydown Coverage

Accident (At Fault)

 

Coverage: The tractor, trailer and cargo in the event of loss or damage due to an at fault collision, fire, theft or vandalism.


Example: You roll into a ditch and cause $18,000 damage. If your deductible Is $5,000 with a buydown to $1,000.

NAL Buydown pays $4,000.

Primary pays $13,000.

You pay $1,000.

Direct Compensation (No Fault) Property Damage)

 

Coverage: The tractor, trailer and cargo in the event of loss or damage due to a collision (not at fault) in a "no fault" jurisdiction like Ontario or Michigan.


Example: You collide with a deer on the 401 and cause $14,500 damage. If your deductible is 
$5,000 with a buydown to $1,000.

NAL Buydown pays $4,000.

Primary pays $9,500.

You pay $1,000.

3rd Party (At Fault) Property Damage

 

Coverage: Property and vehicles of other third parties in the event of an at-fault loss or damage.


Example: You back into another person's vehicle in a loading dock and cause $11,000 damage. If your deductible Is $5,000 with a buydown to $1,000.

NAL Buydown pays $4,000. Primary pays $6,000.

You pay $1,000.

 

Insurance quote

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Wherever an accident is stated it is implied that it should be a traffic accident, as per the policy. Certain conditions and limitations apply. See policy for complete details. E&OE. 1-800-265-1657 NAL Insurance Inc. P.O. Box 2880 London, ON - N6A 4H9