New Car Coverage
Pays the difference between the market value at time of loss and MSRP of a new replacement vehicle
If your vehicle is totaled, New Car Coverage covers the difference between what your vehicle is worth (the “market value”) at the time of the loss and the MSRP of the latest replacement vehicle of the same make and model.
For example, if you purchase a current model year vehicle today and it is written-off in 4 years, your Primary Insurer will settle the claim based on the vehicle’s market value in 4 years time (which is probably less than you’d expect once you factor in depreciation). With New Car Coverage, you can protect your asset even further by being protected for the difference between the market value and MSRP of a similar, newer replacement vehicle*. Plus, reimbursement of up to $500 if you had to pay a deductible to your Primary Insurer.
You can add Additional Coverages to cover you for Partial Losses as well. Vehicle up to 5 model years old could qualify Contact Us to see if your vehicle is eligible.
