Defence Vehicle Replacement Insurance
- Replacement Cost Insurance (for new vehicles)
At the time of a total loss, our policy pays the difference between the depreciated value paid out by your primary insurer and the purchase price of a new vehicle of similar make and model.
- Limited Depreciation Insurance (for used vehicles)
At the time of a total loss, our policy will pay the difference between the depreciated value paid out by your primary insurer and the original purchase price of your vehicle.
- Deductible Reimbursement
At the time of a partial loss our policy reimburses the deductible up to $500 when your primary insurance accepts your claim.
- OEM Parts Coverage (for new vehicles)
In the event of a partial loss caused by a collision, we will pay the difference between OEM (Original Equipment Manufacturer) parts and non-OEM parts if your primary insured is not obligated to do so.
- Rental Reimbursement
In the case of a total loss, our policy will reimburse you for a rental vehicle up to $50.00 a day with a maximum of $2500.00