How Optiom Works

MADE FOR THE MODERN DAY DRIVER

Coverage that gives you the protection you deserve

As you drive your vehicle, it will depreciate in value, and that’s what traditional insurance coverage counts on.

Typically if your vehicle is written off, you will only receive the current market value from your primary insurer, not the original vehicle value when it was purchased.

The amount you receive from your primary insurer may not be enough to pay out any remaining loan on the vehicle, which could also leave you unable to purchase a replacement vehicle.

MADE FOR THE MODERN DAY DRIVER

Coverage that gives you the protection you deserve

As you drive your vehicle, it will depreciate in value, and that’s what traditional insurance coverage counts on.

Typically if your vehicle is written off you will only receive the current market value from your primary insurer, not the original vehicle value when it was purchased.

The amount you receive from your primary insurer may not be enough to pay out any remaining loan on the vehicle, which could also leave you unable to purchase a replacement vehicle.

New Vehicles are eligible for up to 7 years of coverage, and up to 5 years of coverage on Used Vehicles

Optiom provides comprehensive vehicle replacement protection whether you purchase or lease 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.

40% of all drivers are left owing on a vehicle that has been written off

Optiom takes care of what your primary insurance coverage leaves behind. Our products provide superior total loss coverage for new, used and leased vehicles.

Some of the enhanced benefits provided are Total Loss Deductible Reimbursement, Partial Loss OEM Benefit, Vehicle Value Appreciation Benefit, Partial Loss Deductible Reimbursement, Key FOB Reimbursement, Extended Rental Vehicle Reimbursement, Diminished Vehicle Value Benefit and more.

For specific details on each product, contact us now! *Coverage can vary between provinces.

Every qualified driver is eligible for coverage irrespective of age, driving history, or being new to Canada.
Our products don’t just deliver benefits you would be missing out on, they create peace of mind in your daily life, and immediate relief in a stressful situation.
We keep your wheels moving, figuratively and literally, and minimize disruptions to your lifestyle after accidents causing loss of use to your car.

New car total loss example

Vehicle replacement example assuming 7 years of coverage is maintained.

Used car total loss example

Vehicle replacement example assuming 5 years of coverage is maintained.

We simplify insurance and make the lives of Canadian drivers easier

We have a strong reputation as an industry leader, and we pride ourselves on providing exceptional replacement coverage that redefines all your expectations. *Coverage can vary between provinces.

Protect Your Investment

Vehicles depreciate at an alarming rate. On average, within the first four years of owning a vehicle, it can lose up to half its value! Protect your investment with Optiom.

New & New-To-You

Who qualifies? Our products can be applied to new and used vehicles, up to 10 model years old and can be purchased at any time.

Vehicle Value Appreciation

For your used vehicle, Optiom will escalate your vehicle’s locked-in value by 5% per year in the event of a total loss.

Partial Loss OEM Coverage

If your vehicle can be repaired and damages are covered by your primary insurance, Optiom supplements the cost of specified new OEM replacement parts.

Deductible Reimbursement

With Optiom, you will be reimbursed up to $500 for your primary insurance deductible in the event of a total loss or partial losses as well.

Rental Reimbursement

If your primary insurance rental coverage ends before your vehicle is repaired or replaced, Optiom reimburses the continued rental costs subject to the policy limits.