New Vehicle Coverage

New Vehicle Core Coverage

New Vehicle Total Loss Benefit.

Optiom Prime 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 $80,000 over your primary insurer’s policy
  • Up to 84 months of price protection

Even with the most comprehensive primary insurance coverage, you may experience significant loss that your primary auto insurer may not cover:

Total Loss Benefit

Total 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 total loss.

  • Up to a maximum of $500 if your vehicle is written off

Partial Loss OEM Benefit

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
  • 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