Q.P.F. Decision Tree No. 5: Which Replacement Protection to Choose in 2026

Q.P.F. 5a — Replacement Cost

For whom? New vehicles (0 km) purchased from a dealership. Available in 24, 48 or 60 month options depending on the insurer.

What it does: In the event of a total loss within the period covered, the insurer will reimburse the purchase price new or replace it with an equivalent new vehicle from the current year.

Q.P.F. 5b — Agreed Value

For whom? Collector’s, antique, modified or prestige vehicles whose market value does not reflect the actual value.

What it does: You and the insurer agree in advance on a fixed value that will be paid in full in the event of a total loss, without discussion.

Q.P.F. 5c — Limited depreciation

For whom? Used vehicles less than 5 years old at the time of purchase (the limit varies depending on the insurer).

What it does: Instead of the market value (which is often very low), the insurer pays the cost of an equivalent vehicle at the time of the loss — the depreciation is “limited.”

Assur360 Brokers’ Advice

In 9 out of 10 cases, the F.P.Q. n°5 via your insurance policy is more advantageous than a replacement warranty sold by the dealership: annual cost instead of a single amount, cancellable at any time, portable on a new vehicle, no deductible in the event of a total loss, and regulated by the AMF. Refuse the addition to the financing and take out the Q.P.F. 5 endorsement through your broker.

New 2026 Toyota RAV4 — $42,000

Quebec City family, 5-year conservation, 18,000 km/year.

→ Q.P.F. 5a 60-month option ($≈ $140/year)

Used 2023 Honda CR-V — $32,000

Young professional, Montreal, second-hand purchase at 3 years old.

→ Q.P.F. 5c limited depreciation ($≈ $120/year)

Restored 1968 Mustang — value $65,000

Collector, limited use in summer, controlled garage.

→ Q.P.F. 5b agreed value (≈ $350/year, specialized insurer)

Pitfalls to avoid at all costs

1. Never accept a replacement warranty sold by the dealership without comparing it with your broker’s Q.P.F. No. 5. 2. On vehicles over $80,000, check the limits — some insurers refuse F.P.Q. 5a. 3. F.P.Q. 5a does not cover commercial uses: Uber, delivery, representative → take a commercial policy. 4. The dealer’s warranty often has a hidden deductible ($500 to $1,500) that does not exist in F.P.Q. 5. 5. Never sign a financing offer that contains a “free” replacement guarantee: it is added to the amount financed, so you pay with interest over 5-7 years.