Replacement Insurance

Quebec Automobile Insurance Policy Form (Q.P.F.) No. 5 Protect the value of your vehicle in case of damage, theft or total loss.

Only available in Quebec.

How am i protected?

The reality is, your vehicle loses its value over time. The more its value decreases, the more it costs to replace with a new model.

Replacement Insurance ensures you receive the latest model of your vehicle in the event your vehicle is declared a total loss due to damage or theft.

Coverage for new and used

New Vehicle

If your vehicle is declared a total loss:
You’re covered for the difference between the amount paid by your primary insurer and the cost of a new vehicle with the same specs and accessories.

If your vehicle is damaged but repairable:
New, original manufacturer parts will be used.

Used Vehicle

If your vehicle is declared a total loss:
You’re covered for the difference between the amount paid by your primary insurer and the marked-up* value of your vehicle.

How much does
Replacement Insurance cost?

The cost of your plan is determined based on the:

  1. Value of your vehicle.
  2. Term of the insurance.
  3. Reimbursement amount chosen for the insurance deductible.
  4. Reimbursement amount chosen for leasing a replacement vehicle.
  5. Vehicle being used exclusively for personal use.

Contact your local SecureDrive dealer for pricing.

Additional benefits

Coverage for all financing options

For new, used and demonstrator vehicles purchased with cash, financed or leased.

Rental coverage

Coverage for a rental vehicle while your vehicle is being repaired or replaced.

Your choice

Replace your total loss with a vehicle of your choice.

Any provider, any time

Change primary insurance providers and remain covered under your plan.

Fixed pricing

You’re safe against increasing rates throughout your coverage period.

Deductible coverage

Get a refund on all or part of your primary insurance deductible.

No commitments

Cancel your contract at any time for a full or partial refund.

Frequently Asked Questions (FAQs)

Find answers to our most frequently asked questions. If you still have questions, feel free to reach out to a SecureDrive advisor or your local selling Dealership.

Can I cancel my Replacement Insurance policy?

Yes, but it may only be cancelled by the original contract holder. Within the first 30 days, you will receive a full refund, past 30 days, you will receive a refund based on a cancellation table provided with your contract.

Can I transfer my Replacement Insurance policy to a new vehicle I buy, or if I sell my vehicle?

No. Replacement Insurance cannot be transferred to another vehicle once purchased.

Can I choose which dealership I want to replace my vehicle from (after a total loss)?

Yes, you may choose the dealership you wish to purchase your replacement vehicle from.

How long do I have to purchase a Replacement Insurance policy after I purchase a vehicle?

Your Replacement Insurance policy must be sold on the vehicle purchase date.

Find a Dealer

Use our Dealer Locator to find a Dealer near you.

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Important Information: This information is only intended to summarize key aspects of Replacement Insurance, which is a standardized Québec Automobile Insurance Policy (Q.P.F. Form No. 5) approved by the Autorité des marchés financiers. Please refer to the Summary, Fact Sheet, and the insurance policy for complete details of coverage, limitations and exclusions. Replacement Insurance is underwritten by The Sovereign General Insurance Company (SGIC), administered by LGM Financial Services Inc. (LGM) and distributed by dealers authorized by LGM, on behalf of SGIC, to distribute SecureDrive branded Replacement Insurance in the Province of Québec.