New Car Replacement Insurance
What Is New Vehicle Replacement Insurance?
If you only have collision/comprehensive insurance your primary insurance settlement will be for the depreciated/actual cash value of your vehicle, not the replacement cost.
If you purchased a Vehicle Replacement Insurance policy you would receive the additional funds needed to buy a brand new similar model vehicle or a cash settlement — up to a $60,000 benefit! Vehicles registered in British Columbia and Alberta that are up to 5 model years old are eligible for replacement cost.
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Why Buy Vehicle Replacement Cost Insurance?
New Vehicle Protection Provides:
Total Loss Protection
Up to $60,000 in loss protection. Coverage for vehicles up to $150,000 MSRP
Deductible Reimbursement
Deductible reimbursement up to $500
Flexible Terms
Choose the coverage term to fit your needs. Brand new vehicles qualify for 7 years
Payment Plans
Finance your policy monthly through your credit card or bank account
Optional Benefits
OEM Parts Coverage
Rental Vehicle Reimbursement
Key Fob Replacement Coverage
Partial Loss deductible reimbursement
Diminished Value coverage
With Vehicle Replacement Insurance, you are back into a brand new equivalent model vehicle — up to a $60,000 benefit!
New Car Protection Insurance is worth it to have on your car, truck, or SUV as it protects you from unexpected financial hardship. The average vehicle depreciates 10-15% per year and a write-off could mean that the difference comes out of your own pocket. Your vehicle settlement will never depreciate for up to 7 years and policies have cash settlement options and no requirement to replace options.
We discussed replacement insurance with CTV News
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Email us: info@obvi.ca
Call us: 1-844-712-2054
Customer satisfaction is Obvi’s top priority, so we’ll always be there to help when and how you need us. We’re happy to provide hands-on assistance every step of the way, using whichever communications method above is most convenient for you.
