New Car Replacement Insurance


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What Is New Car Replacement Insurance?

If you only have collision/comprehensive insurance your primary insurance settlement will be for the depreciated value of your vehicle.

If you purchased a Vehicle Replacement Insurance policy you would receive the additional funds needed to buy a brand new vehicle — up to a $60,000 insurance benefit! Vehicles registered in British Columbia and Alberta that are up to 5 model years old are eligible.

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Why Buy New Vehicle Replacement Insurance?

Vehicle Replacement Insurance

New Car Replacement Insurance Provides:

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Total Loss Protection

Up to $60,000 in loss protection. Coverage for vehicles up to $150,000 MSRP

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Deductible Reimbursement

Deductible reimbursement up to $500

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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

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Optional Benefits

OEM Parts Coverage
Rental Vehicle Reimbursement
Key Fob Replacement and other available options

With Vehicle Replacement Insurance, you are back into a brand new vehicle — up to a $60,000 benefit! New Vehicle Replacement 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.

Hands-On Customer Service

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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.

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