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Replacement Warranty Plan

Drive Smarter. Stay Protected.

Person sitting inside car showing his keys

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 It 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 Replacement Warranty?

  • Buyers of brand-new vehicles 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.