Vehicle Replacement Insurance

Vehicle Replacement Insurance

Make sure you are covered for the vehicle value you need.

The moment you drive away from the car dealership with your new vehicle, its value begins to depreciate. If you have an accident and the vehicle is written off, you receive a cash settlement based on the value at the time of the loss, even if you are not at fault for the accident.

As most vehicles are financed, the amount you receive may be less than the amount you owe, leaving you with a payment, no car and perhaps no funds to purchase a new vehicle. With replacement cost coverage, you can insure and protect your new or used vehicle from depreciation if your vehicle is written off, regardless of fault. This enables you to get driving again without incurring a financial loss.

At the dealership or in branch, an Waypoint broker can help you get the right replacement cost policy for you. We can explain the coverage, set up the policy and ensure you drive away with your new or used vehicle being protected from depreciation.

Terms and Conditions Apply.