Vehicle Replacement Program
Currently, when a vehicle is involved in an accident, the insurance company will not deem the car a total loss unless the damage is close 50% of the pre-accident value of the car.
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In insurance claims, a total loss or write-off is a situation where the lost value or repair cost of a damaged vehicle exceeds its insured value or a set percentage of its insured value.
Currently, when a vehicle is involved in an accident, the insurance company will not deem the car a total loss unless the damage is close 50% of the pre-accident value of the car.
How Does Accelerated Total Loss Coverage Work?
Our Accelerated Total Loss coverage is an add-on policy that allows for the replacement of a damaged vehicle when:
(a). The total amount of damage is between 10%-49%; or,
(b). The total amount of the damage is between 50% or higher and the insurance company refuses to write it off.
Note: This program is only eligible on select vehicles.
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FAQ
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