If you are insuring a new car, then you might be thinking about taking out additional auto insurance. Regular coverage works on a depreciation cost basis. So, a claim payment might not match the price you've just paid for your car.
If you want a fuller insurance payment if you total or lose your car, then you can take out a new car replacement policy. This coverage ensures that an insurance payment matches the actual price of your car rather than its depreciated value.
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