Motomaxx Vehicle Replacement
Maxx protection for your asset, since 2011.
Protect your Investment
New Vehicle
With a New Vehicle policy the underlying insurer will pay you the depreciated value for your vehicle. Your Motomaxx policy will pay you the difference between that depreciated value and the purchase price of the newest year/make/model (or similar make and model). A qualifying vehicle for a New Vehicle policy is a described vehicle that is of the current or preceding model year and less than 25,000 km.
Used Vehicle
The underlying insurer will pay you the depreciated value for your vehicle. Your Motomaxx policy will pay you the difference between that depreciated value and the purchase price. A Used Vehicle policy adds 5% appreciation to the purchase price per year, for each year you have owned the insured vehicle. A qualifying vehicle for a Used Vehicle policy is a described vehicle within 10 model years and 25,001 km's or more.
Did you know…
Most vehicle owners in BC don’t realize that their primary insurance (ie. ICBC, or private) will not cover the total value of their vehicle in the event of a total loss.
Meaning, you could still owe money on a loan or a lease, or not have enough equity left to buy a similar replacement vehicle. Potentially losing your vehicle and most of the money you invested into it. →
Unfortunately, your conventional auto insurance may leave you underinsured... Even if you weren't at-fault in an accident. Realistically, how much of your car can you afford to lose? This is where Motomaxx comes into play; affordable premiums on a month to month basis or one-time payment options.
Motomaxx is inclusive of all drivers. Whether you’ve had an accident, a clean driving record, tickets, missed payments, inexperienced operators, a new vehicle or a used vehicle – we’ve got you covered! With coverage available up to 7 years (84 months), and coverage available on vehicles 10 model years and newer!
Learn more about our vehicle eligibility
