Hinkle Insurance News

Auto Insurance Extra Coverage

New Car Replacement and Better Car Replacement offered with Erie Insurance

June 14, 2017

If you have ever had the unfortunate experience of being in an accident and having your car declared a total loss, you know that you are not paid what it would cost to replace your car - you are paid what your car is worth at the time of the loss. This is called the Actual Cash Value. Things have changed! Now you can add New Car Replacement or Better Car Replacement coverage to your policy that will make a total loss experience much better! New Car Replacement applies to a new vehicle of which you are the original owner, within 24 months of purchase. If your new car is totaled in a covered loss, you would be paid based on what it will cost for a new car of the same model, and the latest model year. Better Car Replacement applies when your used vehicle (over 2 years old) is totaled in a covered loss. The company would pay the loss based on what it would cost for a vehicle that is 2 model years newer with up to 15% less mileage. (These coverages DO NOT apply to leased vehicles). Call us for details! 717-560-9733 or email info@hinkleinsurance.com