What’s car replacement assistance?
If your car is totaled or stolen, you’ll get 20% more than its actual cash value. You can use the money however you want, whether you have a car loan or not.
How’s it different from gap insurance?
Gap insurance covers the difference between what your car is worth and what you owe on your car loan. But it doesn’t cover anything beyond that.
What does it cover?
To find out if you have car replacement assistance, review your policy.
Covered
An owned or financed vehicle on your auto insurance policy
Cars, trucks, SUVs and vans that have both comprehensive and collision coverage
When you're in an accident and your vehicle is declared a total loss
When your car is stolen and isn't recovered
Not covered
Leased vehicles or vehicles you don't own
Your deductible after you file a claim
Mechanical issues like a faulty transmission, radiator or battery
Medical costs, lost wages and property your auto policy typically covers in other ways
