Replacement Cost Auto Endorsement
You did the research, you saved the money and now you have your dream car,
but is it fully protected if you’re in an accident? The answer may be “no.” The
value of a new car drops immediately when it leaves the dealer’s lot, and most
insurance policies settle losses based on the actual depreciated value.
Your claim settlement may not be enough to buy another new dream car from the
dealer at full cost.
Cincinnati has a solution for you. You can add our optional Replacement Cost
coverage within 30 days of your purchase of a current or previous model year
car with less than 1,000 miles. When you do, your extra layer of protection
includes these benefits:
- A brand new car of the same make, model and equipment in the event of a
covered total loss due to collision or other-than-collision (except fire,
theft, damage to the auto while it is stolen and vandalism).
- Eligibility for replacement cost coverage for up to the first three years
you own the car.
Contact an Agent
Coverage availability varies by state. Underwriting requirements apply. This is
not a policy. To verify your vehicle’s eligibility, obtain a quote or learn
more about the value of Cincinnati’s auto insurance polices and reliable claims
service, please find your local
independent agency today.