Vehicle Replacement Coverage

Did you know most auto insurance policies do not cover the total value of your vehicle in the event of a total loss? If you’re involved in an accident, your primary auto insurance policy typically only pays you the depreciated market value of your vehicle, regardless of who is at fault. 

This means, in the event of a total loss, you are still liable for money owed on a loan or a lease. And, you may not have enough equity left to buy a similar replacement vehicle. You could lose your car and most of the money you invested in it.

Introducing Optiom Prime

Our newest offering, Optiom Prime, provides comprehensive vehicle replacement protection whether you purchase or lease a new or used vehicle. It also contributes towards your loan/lease obligations in the event your vehicle is a total loss and is written off by your primary auto insurer.


  • Vehicles up to 10 years old are eligible for coverage
  • Coverage for average vehicle is approximately $25/month
  • Coverage available for up to 7 years

What have you got to lose?

Call to learn more about Vehicle Replacement Coverage today!


Mass Insurance Brokers

59 Main Street, North Markham, Ontario, L3P 1X7

Monday to Friday 9am to 5pm