Protect your car with Replacement Cost

A new vehicle is a big investment, so you want to be sure that you won’t lose out if you fall victim to theft or have a serious accident. Your car 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 are unable to put you in that specific vehicle, we will look at other vehicles that are considered equal in value, and have similar specifications and options.
If the vehicle is not replaced, we will pay the replacement value based on your endorsement.
The expiry date of the Replacement Cost coverage depends on the vehicle's delivery date and the date the policy takes effect.

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


Who is eligible for Replacement Cost?

  • You must have a car insurance policy with us and satisfy its conditions.
  • Coverage is for private passenger automobiles.
  • You must be the original owner of the vehicle or the first owner of a demonstrator with less than 10 000km.
  • Your vehicle must carry a combination of Collision / Upset and Comprehensive / Specified Perils or All Perils coverages.

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