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New Car Replacement Insurance Explained

  • By Ashley Chorpenning

Although you may have spent a significant amount of cash to pay for your new set of wheels, it immediately depreciates once you take it off the lot. In the unfortunate situation that you total it soon after you drive it off the lot there is an insurance that will replace it. Since this type of coverage comes at an extra cost, you might wonder if it’s worth it. To determine if it makes sense for your unique circumstances, here’s what you should know.