New Car Replacement
If you purchase a new vehicle, one that is not preowned, and model year same as you purchase, you want to add New Car Replacement Coverage.
This is the only coverage that gives you the extra coverage you need. If you total your new car in the first five years, this coverage pays to replace it with a brand new car of the same make and model.
This coverage is better than actual cash value because you will receive the funds to purchase a new model vehicle in the year your vehicle is totaled. That could be tens of thousands of more dollars than actual cash value.
Not all carriers offers this coverage. You will want to speak to an independent insurance agency who can secure this coverage for you.
Suzanne Brown Insurance Agency
A Texas Independent Insurance Agency with over 40 insurance carriers