Customize my Policy

(for an additional premium)

In addition to the core Total Loss Benefit, you have the ability to choose from a variety of unique, optional coverages that can further protect your vehicle and more!

Partial Loss OEM Benefit (New Vehicles Only)

For an additional premium, 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.

Benefit Limits:

  • Up to $10,000 per year in parts & up to $1,000 per year in labour
  • Up to 60 months coverage

Vehicle Value Appreciation Benefit (Used Vehicles Only)

For an additional premium, Optiom Plus will escalate your vehicle’s value by 5% per year in the event of a total loss.

Benefit Limits:

  • Subject to the Total Loss Benefit limits for Used Vehicles

Enhancement Benefit

Optiom Plus can include the following two bundled benefits:

Partial Loss Deductible Reimbursement Benefit: If you should have to pay a deductible on your primary auto insurance policy, Optiom Plus will reimburse you in the event of a repairable loss.

  • Up to $500 if your vehicle is repairable
  • Unlimited number of benefit requests

Rental Vehicle Reimbursement Benefit: Should the rental 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 the repairs or replacement are completed.

  • Up to a maximum of $1,500 per year
  • Unlimited number of benefit requests

Key Fob Reimbursement Benefit

If you should lose your vehicle’s key fob, Optiom Plus will reimburse you the cost to replace it.

Benefit Limits:

  • Up to $500 if your vehicle’s keys are lost or stolen
  • One-time benefit request

Diminished Vehicle Value Benefit

If you should suffer a no-fault accident, Optiom Plus will pay a fixed amount if repairs exceed more than 25% of the declared value of the vehicle at the time of the accident.

Benefit Limits:

  • One-time benefit request
  • Vehicle’s value at policy inception determines fixed payout amount:
Guaranteed payout - Vehicle Value