Vehicle Insurance Done Right
Turbocharge Auto Insurance With Optiom Plus
Optiom Plus provides comprehensive vehicle replacement protection whether a client purchases or leases a new or used vehicle. It also contributes towards any outstanding loan/lease obligations in the event the vehicle is a total loss and written off by the primary auto insurer. With Optiom Plus, New Vehicles are eligible for up to 7 years of coverage, and up to 5 years of coverage on Used Vehicles. Unlike other coverages, Optiom does not re-qualify the vehicle or increase the premium throughout the term of the policy.
New Vehicle Coverage Benefits
New Vehicle Total Loss Benefit
Optiom Plus 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.
• Up to $100,000 over your primary insurer’s policy
• Up to 84 months of coverage
Partial Loss O.E.M. Benefit
If your vehicle can be repaired and accident damages are covered by your primary auto insurance policy, Optiom Plus will pay for specified new O.E.M. genuine replacement parts.
• Up to $10,000 per year in parts & up to $1,000 per year in labour
• Up to 60 months of coverage
Total Loss Deductible Reimbursement Benefit
If you have to pay a deductible on your primary auto insurance policy, Optiom Plus will reimburse you up to $500 if your car is written off.
Rental Vehicle Reimbursement Benefit
Should the rental vehicle coverage provided by your primary auto insurance policy end before your vehicle is repaired or replaced, Optiom Plus will reimburse the continuing rental vehicle cost until repairs or replacements are completed.
• Up to a maximum of $1,500 per year
• Unlimited number of benefit requests available
Used Vehicle Coverage Benefits
Used Vehicle Total Loss Benefit
Optiom Plus 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.
• Up to $80,000 over your primary insurer’s policy
• Up to 60 months of coverage
Vehicle Value Appreciation Benefit
Optiom Plus will escalate your vehicle’s value by 5% per year in the event of a total loss
• Subject to the Total Loss Benefit limits for Used Vehicles
Total Loss Deductible Reimbursement Benefit
If you have to pay a deductible on your primary auto insurance policy, Optiom Plus will reimburse you up to $500 if your car is written off
Rental Vehicle Reimbursement Benefit
Should the rental vehicle coverage provided by your primary auto insurance policy end before your vehicle is repaired or replaced, Optiom Plus will reimburse the continuing rental vehicle cost until repairs or replacements are completed.
• Up to a maximum of $1,500 per year
• Unlimited number of benefit requests available
