Benefits of new car replacement coverage infographic
Feel confident when buying or leasing that new car. With new car replacement coverage, if your new car is totaled within one year or 15,000 miles of purchase, whichever comes first, you'll get its full replacement cost without deduction for depreciation.
Related resources
Benefits of new car replacement coverage infographic
Feel confident when buying or leasing that new car. With new car replacement coverage, if your new car is totaled within one year or 15,000 miles of purchase, whichever comes first, you'll get its full replacement cost without deduction for depreciation.
Related resources
Benefits of new car replacement coverage infographic
Feel confident when buying or leasing that new car. With new car replacement coverage, if your new car is totaled within one year or 15,000 miles of purchase, whichever comes first, you'll get its full replacement cost without deduction for depreciation.
- Infographic transcript
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Get peace of mind with new car replacement coverage
If you purchased or leased a new car, new car replacement coverage can cover you before you even leave the dealership.
Did you know a car's value can depreciate up to 20 percent in it's first year?*
For example, you buy or lease a 2018 Ford Escape, with only 62 miles on it. Currently its valued at $23,850.
Unexpectedly, within the first year of owning your vehicle, you are in an accident resulting in a total loss.
The Hanover's new car replacement provides full replacement cost, putting you back on the road with no deductions for depreciation. With the example of the 2018 Ford Escape valued at $23,850, you'd get the full replacement cost of $23,850. Without this coverage you would get what your car is worth, which is typically less than what you paid for it.
Consider this coverage if...
- You want peace of mind driving off in your new car.
- You bought or leased a new car in the last year with fewer than 500 miles on it.
Related resources
Benefits of new car replacement coverage infographic
Feel confident when buying or leasing that new car. With new car replacement coverage, if your new car is totaled within one year or 15,000 miles of purchase, whichever comes first, you'll get its full replacement cost without deduction for depreciation.