Getting older has many drawbacks: a body that has seen better days, lower energy levels, health problems, etc. There are, however, also good news associated with the passage of time, i.e. wisdom, more free time, more financial freedom to actualize your dreams, and bonified car and home insurance protection! Indeed, as soon as they reach 50, Quebecers can join the Fédération de l’âge d’or du Québec (FADOQ) and enjoy a multitude of rebates and privileges, even when it comes to insurance! Assurances Multi-Risques would like to tell you more about Intact Insurance’s LibrEspace FADOQ program so that you can take advantage of all the perks associated with getting older.
What are the advantages of the LibrEspace FADOQ program ?
Car insurance :
- 5% reduction on your insurance premium; *Some insurers offer an age-related rebate.
- No franchise in case there has been failure to report an accident or if the car is a total loss; *Many insurers offer this type of protection.
- Up to $300 insurance deductible rebate in case of collision or impact for a first claim within a period of three years; *Obviously, the client must not have made any claims over the last three years.
- $50,000 insurance coverage for the client and his or her spouse in case of death or mutilation when the client buys a $10,000 coverage; *This protection is available from most insurers, and can be adjusted according to the client’s needs.
- Up to $100 insurance deductible rebate in case of claims such as a broken window, fire, theft, vandalism for a first claim within a period of three years; *Obviously, the client must not have made any claims over the last three years.
- 5% reduction on your insurance premium; *Some insurers offer an age-related rebate.
- Up to $300 insurance deductible rebate for a first claim within a period of three years; *Obviously, the client must not have made any claims over the last three years.
- Replacement cost protection, with no obligation to rebuild; *Many insurers offer this protection for free when combining car and home insurance plans.
- Free home care services following a two-day and over hospital stay (housework, nursing care); *Many insurers also offer this protection.
Combined car and home insurance :
- Only one deductible for a claim involving both car and home; *Many insurers also offer this protection.
- Up to $60 000 in damages available for a borrowed or rented vehicle in Canada and in the United States; *Some insurers offer a higher coverage value, make sure you enquire about this!
- Up to $75 per day (up to a maximum of $2,250) in vehicle rental fees and up to $1,125 in additional costs following an accident that rendered the client’s unusable.
- Furniture replacement cost protection, with no obligation to replace; *This protection is very interesting, but once again, check around as other insurers also offer this type of protection.
- Protection in case of identity theft. *Other insurers also offer this protection.
Is the Intact Insurance LibrEspace FADOQ program advantageous for everybody ?
The advantages offered by Intact Insurance are indeed very interesting, and Assurances Multi-Risques invites some of its clients to take advantage of them! You must know, however, that many other car and home insurers offer similar perks. Although, we at Assurances Multi-Risques are persuaded that the program is useful, we think that certain clients might be better served by other insurers because of their profile and location.
Contact an independent insurance broker who does business with many insurance companies and who can compare various insurance packages in order to find the best fit to your specific situation and needs. If are currently insured with Intact Insurance and are 50 and over, make sure to become a member of the FADOQ (either through your agent or through an Assurances Multi-Risques broker) in order to be able to take advantage of the LibrEspace FADOQ program.
Growing older is not a choice, but choosing the best insurer for your needs is! We also recommend that you contact an Assurances Multi-Risques broker in order to minimize the stress associated with changing car and home insurance companies, and to make this experience as enjoyable as possible. By doing this, you will have more time to freely enjoy your life !
