The more your vehicle depreciates, the more you’ll be out of pocket to replace it with a new one if it’s stolen, totaled, or damaged. Replacement Insurance ensures you receive a brand-new or equivalent vehicle if this happens.
Replacement Insurance
Get a replacement vehicle if yours is a total loss.
Eligibility
Quebec residents
Purchased within 90 days
New and pre-owned vehicles
Up to 10 model years and 140,000 km
Cash, financed or leased vehicles
The real cost of vehicle loss
Protect your investment
Total loss coverage
Replacement Insurance ensures you won’t have to settle for a lesser vehicle if yours is a total loss.
Your choice of vehicle and dealership
You have the flexibility to choose your replacement vehicle and where to buy it. You choose where any damage repairs are carried out too.
Deductible covered
If your primary insurer charges a deductible, we’ll cover it up to $1,000.
Damage coverage for new vehicles
If your vehicle is damaged, new, genuine parts from the original manufacturer will be used to repair it to a high standard.
Any insurance provider
You’ll stay protected under your Replacement Insurance contract even if you switch primary insurers.
Rental vehicle
You shouldn’t have to go without a car while yours is being replaced or repaired. We’ll cover the cost of a rental if this happens.
Coverage for all vehicles
New vehicles
You’re covered for the difference between your insurer’s payout and the cost of a brand-new vehicle with the same specifications and accessories.
If your vehicle is damaged but repairable: New, original manufacturer parts will be used.
Used vehicles
You’re covered for the difference between your insurer’s payout and the marked-up value of your vehicle, meaning the purchase price of your vehicle increased annually to account for inflation.
Frequently asked questions
Is my vehicle eligible for SecureDrive Replacement Insurance?
We cover new, demonstrator and pre-owned vehicles up to 10 model years or 140,000 km as long as the Replacement Insurance contract is purchased within 90 days of the vehicle purchase date.
Is SecureDrive Replacement Insurance available in all provinces?
Replacement Insurance is available for Quebec residents only.
Can I choose which replacement vehicle to get?
Yes! You can replace your vehicle with any equivalent vehicle of your choice.
Can I choose the dealership I wish to get my replacement vehicle from?
Yes, you can choose which dealership to purchase your replacement vehicle from.
Can I include SecureDrive Replacement Insurance in my vehicle financing?
Yes! Your selling dealer will generally allow you to roll everything into your vehicle financing deal.
Can I buy SecureDrive Replacement Insurance if I purchase my vehicle with cash?
Yes, you can purchase your contract with cash along with your vehicle.
How do I make a claim?
Simply call the product underwriter (The Sovereign General Insurance Company) to initiate the claims process. Toll Free: 1-844-798-6180.
