FADOQ membership: A real advantage for car and home insurance ?

Aging comes with its share of drawbacks: physical wear and tear, decreased energy, health problems… But there’s good news! Getting older also means gaining wisdom, having more free time for your passions, financial freedom to fulfill your dreams, and even better coverage for your auto and home insurance! That’s right, once you turn 50, you can become a member of the Fédération de l’âge d’or du Québec (FADOQ) and enjoy a multitude of discounts and privileges, even on your insurance. To help you enjoy all the benefits that come with age, Assurances Multi-Risques would like to demystify Intact Insurance’s LibrEspace FADOQ program.

What are the benefits of the FADOQ LibrEspace program?

For your auto insurance:

• 5% discount on insurance premiums; *Some insurers offer an age discount in return.
• No deductible in the event of a hit-and-run or total loss; *Several insurance companies offer this type of coverage.
• Up to $300 reduction on the deductible in the event of a collision or rollover for a first claim in three years; *Of course, you must not have had any claims on your record in the last three years.
• $50,000 coverage for the client and their spouse in the event of death or dismemberment as a result of an accident, with the purchase of $10,000 coverage; *This coverage is available from most insurers and can be adjusted to suit your needs.
• Up to $100 off your deductible for claims such as broken glass, fire, theft, and vandalism for your first claim in three years. *Of course, you must not have had any claims on your record in the last three years.

For your home insurance:

• 5% discount on your insurance premium; *Some insurers offer an age discount in return.
• Up to $300 discount on your deductible for your first claim in three years; *Of course, you must not have had any claims on your record in the last three years.
• Replacement value without obligation to rebuild; *Several insurance companies offer this coverage free of charge when auto and home insurance are combined.
• Free home assistance service after hospitalization for more than two consecutive days (housekeeping, nursing care); *Again, several insurers offer this service.

For combined auto and home insurance:

• Only one deductible to pay when a claim affects both your auto and home; *Several insurers offer this benefit.
• Up to $60,000 for damage to a borrowed or rented vehicle in Canada and the United States; *Some insurers offer greater coverage, so be sure to ask!
• Up to $75 per day (for a maximum of $2,250) when renting a vehicle and up to $1,125 for additional expenses following an accident rendering the vehicle unusable;
• Replacement cost coverage for furniture without the obligation to replace it; *This coverage is really advantageous! But be sure to check, because once again, only a few insurers offer this coverage.
• Identity theft protection. *Other insurers also offer this protection.

Intact Insurance’s LibrEspace FADOQ program: suitable for everyone?

The benefits offered by Intact Insurance are very attractive—at Assurances Multi-Risques, we encourage some of our clients to take advantage of them!—but you should know that several other auto and home insurers also offer similar privileges. At Assurances Multi-Risques, we believe that Intact Insurance’s LibrEspace FADOQ program can be advantageous, but not for everyone. Depending on your profile and location, Intact Insurance may not be the best insurer for you. And being insured with them does not guarantee you the best premiums and coverage for your car and home.

To find the best insurer for your needs and situation, contact an independent insurance broker who works with several different insurers and can compare their offers. In the meantime, Intact Insurance customers aged 50 and over who are not members of FADOQ should ask their current insurer or a Multi-Risk Insurance broker to register them with this federation in order to take advantage of the benefits of the LibrEspace FADOQ program.

Aging is inevitable, but choosing the best insurer shouldn’t be avoided! So to turn the stress of shopping for car and home insurance or changing insurers into an enjoyable experience, we recommend working with an insurance broker with whom you have good chemistry. This will give you even more time to enjoy life, without the headache!