What We Do
CIT Insurance offers a wide array of insurance products for consumers, small business and the middle market.
Products for small business and middle market customers include:
- Commercial Property - pays to repair or replace property in the event of direct or consequential loss (offered in Canada, Europe, and USA).
- GAP Waiver - protects owners and operators of licensed transportation and construction vehicles if there is a shortfall between their vehicle's insurance coverage and the amount outstanding on the loan as a result of total loss (offered in Canada and USA).
- Commercial Casualty - protects the customer against the financial consequences of being legally liable for damaging third party property or the death or injury of an individual (offered in Canada and USA).
- Employee Benefits - includes various health-related insurance products that are written on a group basis (USA only).
- High Net Worth Personal Insurance - for individuals who have acquired or accumulated considerable wealth (USA only).
- Life Insurance - covers the loss of life and may include benefits for disability insurance (offered in Canada and USA).
Products for consumers include:
- Property Coverage - provides for repair, replacement or buy-out of a lease contract in the event of loss or damage to equipment due to an insured peril (offered in Canada, Europe, and USA).
- Debt Protection - provides for the cancellation of the monthly loan or lease payment in the event of death, unemployment, family leave of absence or disability (USA only).
- Credit Insurance - pays some or all of lease/loan balance owed based on certain life events of the borrower (offered in Canada, Europe, and USA).
- Supplemental Insurance - offers the opportunity to purchase ancillary insurance products such as life insurance, disability and property and casualty (offered in Canada and USA).
- Membership Products - offers discounts and savings on a variety of different services and products (offered in Europe and USA).