Optiom is a vehicle replacement program that helps your insurance on your new or used vehicle keep pace with the true cost of replacement. Optiom’s vehicle replacement can be looked at as an enhancement to your current comprehensive coverage through your primary insurer. Optiom provides up to seven years of coverage on new vehicles and up to five years of coverage for used vehicles.
A reliable set of wheels is a vital part of our day-to-day life. Whether that’s getting to and from work, on school pick up duty, transport person for sports events or starting a vacation. From driving the downtown streets of Calgary and Edmonton to the scenic views that only a national park can provide through Jasper or Banff. Why not check out Optiom coverage to ensure the investment you’ve made in your vehicle is covered.
We understand its vital to protect what’s most important to you and your family. Our expert insurance advisors are here to ensure you’re protected and provide peace of mind so you can focus on what’s important in your life.
Let us find the best coverage and rates for you! Enter your postal code in the quoting tool above or connect with us over the phone at 1-888-259-2747. You can also visit one of our convenient locations. Click here to find a Westland Insurance advisor close to you.
Why Choose Westland?
We know that your insurance needs to match your goals, your lifestyle and your budget. Our expert auto insurance advisors get to know you, so that they can tailor a policy to your exact needs.
We’ll find the best coverage for you at the right price so that you can continue to live your life the way you want to.
We understand that insurance can be complex sometimes. Let our expert insurance advisors do the heavy lifting! We’ll help you find a policy that you feel is the best fit and provides peace of mind.
Optiom Insurance Explained
How much can you afford to lose if your vehicle is written off? Since 20% of your vehicle’s value is lost each year, it’s important to understand how you can cover yourself and your investment. Introducing Optiom – a vehicle replacement program that helps your insurance on your new or used vehicle keep pace with the true cost of replacement.
How does Replacement Insurance Work?
Replacement insurance vehicle coverage provides up to seven years of coverage on new vehicles and up to five years of coverage for used vehicles. Compared to what is available to you now, this extends far past what is offered in the marketplace today. We’re excited to show you more!
What is Replacement Coverage?
Even though you may have adequate insurance coverage through your policy, you could experience a loss leaving a gap in coverage. Vehicle replacement fills in that gap between where your primary coverage ends and the type of coverage you want and are comfortable with.
Who is Eligible?
Do have a vehicle and carry full collision and comprehensive coverage through your auto policy? Great, you’re eligible! Whether you are a new driver, have been driving for 50 years, new to Canada or have a poor drivers history, Optiom is available to you!
Get a Quote with Westland
Our insurance advisors are here to help make the process of getting Optiom auto insurance as easy as possible. Whether it’s over email, the phone or in person we are ready to help! To get started on a quote now and see price estimates for your vehicle, click the button below. Our advisors will reach out and help you choose the right coverage. Of course, we are always available to chat over the phone or in person. Check out our locations page to connect with an office closest to you!
Benefits for New Vehicles
- Current or prior year vehicle model
- Less than 25,000 km at the time of policy purchase
- Under 6,500 kg gross vehicle weight
- Coverage can be transferred
Benefits for Used Vehicles
Optiom Benefits for Used Vehicles
- Vehicle models up to 10 years old
- No kilometer restriction
- Under 6,500 kg gross vehicle weight
- The full benefit goes to a new vehicle (no cash in lieu of)
Along with the core total loss benefit, Optiom offers great optional coverage to further protect you and your vehicle!
Rental Vehicle Reimbursement Benefit
If you’ve ever had a rental vehicle you know the cost can add up quickly and sometimes you can’t quite line up the dates perfectly between the end of your rental and the return of your car. In the event that you require a rental vehicle, and the policy ends before your vehicle is replaced or repaired, Optiom will reimburse the cost to continue with the rental vehicle until the necessary repairs are completed. Optiom will top up your rental coverage by $1,500 per year.
Partial Loss Deductible Reimbursement Benefit
If you have a repairable loss, Optiom will reimburse you should you have to pay a deductible on your primary auto insurance policy. This covers you up to $500 and comes with an unlimited number of benefit requests.
Key Fob Reimbursement Benefit
We all know how fancy the technology in vehicles has become, even the key fob. Optiom will reimburse you if you need to replace your key fob up to $500 if keys are stolen or lost on a one-time request.
Diminished Vehicle Value Benefit
Accidents happen, and if at no-fault to you Optiom will pay a fixed amount if repairs exceed more than 25% of the declared value of the vehicle (at the time of the accident). If you are in an accident and are thinking of selling your vehicle, it is now worth significantly less. Optiom will contribute to this gap based on the value of the vehicle at policy inception to recover some of the value that was lost.
With the majority of Canadians keeping their cars an average of five years, there is no replacement coverage during the time in which depreciation acts the most. Your primary insurer will cover you for collision and liability, but Optiom looks at the greater picture by covering loans or leases you may have on your vehicle. Your primary insurer doesn’t provide equity towards a replacement vehicle as well. With personalized vehicle protection and an affordable month-by-month plan with no minimum term obligation, you’ve got nothing to lose and better vehicle coverage to gain!