1For the purposes of this coverage, "vehicle" refers to a private passenger automobile, a motorhome or a motorcycle.
2This coverage is available until June 10, 2021.
In the event of a total loss of the insured vehicle, we will pay for the replacement cost of said vehicle by another new vehicle with the same specifications and equipment or, If no such vehicle is available, by another new vehicle of like kind and quality with similar equipment.
If the insured vehicle is not replaced, we will pay the Insured the lesser of:
• The purchase price of the insured vehicle and its equipment on the original date of purchase;
• The manufacturer's suggested list price of the insured vehicle and its equipment on the original date of purchase; or
• The price for which we may purchase a new vehicle of same kind and quality as the insured vehicle, with similar equipment, on the date of the accident.
Please consult your Replacement Cost endorsement wording for complete details.
TD Insurance (Corporate Secretariat)
50, Place Crémazie
Montreal (Quebec) H2P 1B6
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.