New Car Replacement insurance covers you in case your new vehicle is totaled in an accident. Learn more.
You’ll probably appreciate new-car replacement insurance if your car is totaled, but in most cases the extra coverage comes at a price.
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If you total your new car in the first five years, Premier New Car Replacement coverage pays to replace it with a brand new car of the same make and model.
New car replacement insurance is not required GAP insurance is very similar to new car replacement insurance Not all cars qualify for this type of coverage.
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Cash Value vs. Replacement Cost Replacement cost is the amount you pay for your car at today’s cost. The cash value is the amount you pay for a similar car
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When you buy an insurance policy, you may be given the choice of insuring your property at actual cash value (ACV) or replacement cost.