Be confident in your coverage with Optiom

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.

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!

*Available benefits may vary by province, product and vehicle type.

Everyone qualifies 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.

Deductible reimbursement

Deductible reimbursement

With Optiom you can get reimbursed up to $500 for your primary insurance deductible in the event of a loss.

New & new-to-you

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.

Partial loss coverage

Partial loss 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.

Rental reimbursement

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.

Value appreciation benefit

Value appreciation benefit

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

Protect your investment

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.