How does the 5-Year Replacement Cost Advantage works?

If your car is declared a total loss within a period of up to 5 years of the time of purchase, the insurance company will replace it with a new one - the same model with the same options. That means there will be no depreciation of the value of your car. Please note that the original delivery date of the vehicle and the date the policy takes effect determine the expiry date of the Replacement Cost Advantage product.