5-Year Replacement Cost Solution^®

Get the same model as the one you bought.

A new vehicle is a big investment, so you want to be sure that you won’t lose out if you fall victim to theft or have a serious accident. With our 5-year Replacement Cost Solution, you have that guarantee. 

Here’s how the coverage works.

If your car is declared a total loss within 5 years of the time of purchase, we’ll 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. 

Who’s eligible?

- You must have an auto insurance policy with us and satisfy its conditions. 
- You must be a licensed driver of a private passenger vehicle. 
- Your car has to be declared a total loss due to an accident or because it was stolen, vandalized or involved in a weather-related incident such as hail or a severe storm. 
- You must be the original owner or lessee. 
- Your car has to be new or a demo. 
- The value of your vehicle must not exceed $65,000 in Quebec or $100,000 in the rest of Canada, including taxes and accessories. 
- You must reside in Alberta, Ontario, Quebec or an Atlantic province. 

In case of discrepancy between the information provided on this website and your insurance policy, your insurance policy prevails. Remember, the exclusions and limitations specified in your policy apply in all circumstances.