New Vehicle Replacement Plus | Replacement Cost Coverage | Limited Depreciation
If you need great protection for a vehicle that is three years old or newer, then Replacement Cost Coverage makes sense.
If your vehicle is declared a write off after a crash, a standard insurance policy will only pay you its current market value. Depreciation and inflation aren't covered.
This means your settlement could end up being much less than the actual cost to replace your vehicle.
But with Replacement Cost Coverage, you're compensated for depreciation and inflation ("new for old").
If your vehicle is written off in a damage claim, Replacement Cost Coverage gives you several options:
Replacement Cost Coverage also helps protect your investment when your vehicle can be repaired. That's because the repairs are done using new parts from the manufacturer (OEM parts), where available.
You also have your choice of repair shop. When you go to an ICBC c.a.r. shop facility, the repairs are fully guaranteed for as long as you own your vehicle.
To purchase Replacement Cost Coverage, you must have:
For pricing, eligibility and other details, call your Autoplan broker today!
