New Car Replacement Insurance Coverage

If you're wondering what new car replacement is, you've come to the right place. New car replacement insurance is different from GAP insurance. If you have GAP insurance, it will pay the difference between your car's value and the amount you owe on the car. New car replacement insurance will pay for a new car in the event that your car is totaled regardless of financing. New car replacement insurance will give you enough to pay for a new car (minus deductible) rather than the depreciated value of your vehicle. New car replacement insurance can be expensive, so find out how to save on cheap car insurance by reading on.

UPDATED: Oct 2, 2022Fact Checked

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Oct 2, 2022

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