Because your vehicle is new and still has most of its value, we recommend this coverage. If your car is damaged in an accident, the repairs will be covered. Though your vehicle has a few years on it, we still recommend this coverage. If your car is damaged in an accident, the repairs will be covered. Since your car is older and has depreciated in value, we recommend you discuss this coverage with an advisor to make sure it’s right for you. If your car is damaged in an accident, the repairs will be covered.
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Limited waiver of depreciation: This coverage protects against the loss of value or depreciation of a new car if, as a result of an accident, your car is beyond repair and must be replaced. This coverage is only available during the first two years of a vehicle lease or ownership. You could receive an amount up to the price you paid for the vehicle or the manufacturer’s suggested price. You can only add this endorsement if you have insured your vehicle with Collision and Comprehensive coverage, Collision and Specified Perils coverage or All Perils coverage.