The Replacement Value Guarantee

The Replacement Value Guarantee is an additional protection onto automobile insurance which enables you to replace your vehicle  in case of an accident by a new vehicle, and this with a model equivalent to the vehicle insured by the insurance contract.

This guarantee becomes in force in case of theft of a vehicle not found, or when the damaged vehicle is economically unable to be repaired. This protection is limited in time, normally for 48 to 60 months have, beyond that the vehicle will be too old and will not be able to profit of the replacement value.

Replacement value for replacement of the vehicle in the event of total loss offered by your insurer

In the event of a total loss or considered total, this guarantee corresponds to the price of a new vehicle having the same characteristics, equipment and accessories, or in the event of unavailability of a new vehicle of same nature and quality equipped with similar equipment and accessories. In the absence of replacement, the guarantee corresponds to the paid price for the vehicle indicated by the policy-holder who is it real owner, without exceeding the current price of the purchase date, nor the price to which the insurer can, at the day of the disaster, to buy a new vehicle of same nature and quality equipped with similar equipment and accessories.