Vehicle Replacement Insurance
Personal Auto Benefits
Your primary auto policy covers a lot — but not everything. Optiom sits alongside it, picking up the shortfalls, deductibles, and out-of-pocket costs your insurer leaves you with when a loss actually happens.
Talk to a broker to add Optiom to your policy
AVAILABLE ON NEW VEHICLES
New Vehicle Total Loss Benefit
Optiom will pay the difference between the market value of your vehicle at the time of the loss and the MSRP of a brand new, equivalent model replacement vehicle.
AVAILABLE ON USED VEHICLES
Used Vehicle Total Loss Benefit
Optiom will pay the difference between the market value of your vehicle at the time of the loss and your vehicle’s value at policy inception.
AVAILABLE ON NEW AND USED VEHICLES
Total Loss Deductible Reimbursement Benefit
If you should have to pay a deductible on your primary auto insurance policy, Optiom will reimburse you up to $500 in the event of a total loss.
AVAILABLE ON NEW AND USED VEHICLES
Key Fob Reimbursement Benefit
If your vehicle’s key fob should be lost or stolen, Optiom will reimburse you up to $500 for the cost to replace it.
AVAILABLE ON NEW AND USED VEHICLES
Rental Vehicle Reimbursement Benefit
If your rental coverage runs out with your primary insurer, get up to $1500 reimbursed annually to continue with your rental, uninterrupted.
AVAILABLE ON NEW AND USED VEHICLES
Partial Loss Deductible Reimbursement Benefit
Did you have to pay a deductible? Get up to $500 reimbursed every time.
AVAILABLE ON NEW VEHICLES
Partial Loss OEM Benefit
Covers the additional cost of parts and labour for OEM parts in a repairable loss.
AVAILABLE ON NEW AND USED VEHICLES
Diminished Vehicle Value Benefit
Recuperate some of the lost value of your car if you suffer a no-fault repairable loss.
AVAILABLE ON USED VEHICLES
Vehicle Value Appreciation Benefit
Increase your locked in vehicle value by 5% per year if you write off your car.
Vehicle Replacement Insurance, Powered by Optiom
More than a policy. It's peace of mind.
If your vehicle is written off, Optiom pays the difference between your primary auto insurer's depreciated payout and a brand-new replacement, so you're not left thousands short.
Get A Free QuoteQuestions? 1-844-427-7587 | clientcare@optiom.com
Vehicle Replacement Insurance is administered by Optiom Inc. and underwritten by a licensed Canadian insurer. Coverage subject to policy terms and conditions. Available across Canada (except Quebec).
