Value Plus Option (Endorsement No. 43 B and F)
Protect the value of your used car in case of damage or total loss
The Value Plus OptionTM protects your used vehicle against depreciation for up to 5 years.
If your car is stolen and not recovered or is written off in an accident, you’ll receive compensation equivalent to the price you paid for the car or its value at the time of the loss, depending on the option you're eligible for, plus annual indexing.
If your car is damaged, the damaged parts will be repaired or replaced with no deduction for depreciation (up to $1,000).
In Context
When Mary bought a used car, she decided to protect its value with the Value Plus Option from Desjardins General Insurance.
Two years later, Mary had an accident, and the car was declared a total loss. She knew she’d made the right decision when her insurer covered the entire claim.
Thanks to the Value Plus Option, Mary’s settlement amount was more than she originally paid for the vehicle, giving her more options to buy her next car.
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TM Value Plus Option is a trademark of Desjardins General Insurance Group Inc.