Protect your vehicle with Replacement Cost

A new vehicle is a big investment. You want to be sure that you won’t lose out if you're a victim of theft or have a serious accident. Your auto insurance can help.

How does it work?

If your vehicle is stolen or deemed a total loss, you can get the same or a similar model of vehicle as the one you’re currently driving. Depending on the province you reside in, coverage provided may vary between 48 to 60 months from the original delivery date of your vehicle. If we're unable to put you in that specific vehicle, we'll look at other vehicles that are considered equal in value and have similar specifications and options.
If the vehicle isn't replaced, we'll pay the replacement value based on your endorsement. Coverage applies on a per vehicle basis and can be added to cars, motorhomes and motorcycles, subject to eligibility.

"With Replacement Cost insurance, your vehicle would be replaced in case of a covered total loss."

Who is eligible for Replacement Cost?

  • You must have an auto insurance policy with us and satisfy its conditions.
  • You must be the original owner of the vehicle or the first owner of a demonstrator.
  • Your vehicle must carry a combination of Collision / Upset and Comprehensive / Specified Perils or All Perils coverages.


The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.
In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.

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