Replacement Warranty Plan
A New Car, Not Just a Payout.
If your new vehicle is totaled due to theft, fire, or collision, standard insurance gives you a cash payout based on the depreciated value. That amount is often not enough to replace your vehicle with a similar model.
The Replacement Warranty Plan ensures you receive a replacement vehicle—not just a check—matching your original in model and value.
How Replacement Warranty Plan Works
- If your vehicle is declared a total loss, you’re eligible for a like-for-like replacement
- No depreciation adjustment: You get a comparable new model.
- Fixed one-time premium-no annual renewals.
Benefits of Replacement Warranty Plan
- Full vehicle replacement: No market value adjustments or shortfalls.
- Stability: One-time payment, no unexpected renewal fees.
- Long-term peace of mind: Coverage lasts up to 7 years.
- No hassle: You skip the stress of car shopping after a loss.
| Covered ✔ | Not Covered ✕ |
| Total loss from theft, fire, or collision | Partial damage or repairable claims |
| Replacement vehicle (similar make/model) | Used or previously owned vehicles |
| Fixed premium, no renewal fees | Wear and tear, cosmetic issues |
Who Should Consider a Replacement Warranty Plan?
- Buyers of brand-new vehicles in who want long-term value protection.
- Drivers who want to avoid loss of value due to depreciation.
- Families who rely on having a reliable replacement vehicle quickly.