REVscene Automotive Forum - View Single Post - school me on new vehicle replacement plus (NVR +) from ICBC

lowside67 · 11-12-2019, 02:27 PM

The bottom line is if you don't get the insurance, then you will get paid out the value of a used 2018. If you do get the insurance, you'll get paid out the value of a new 2020. Your point about being "given" a 2019 is not correct - you are not getting a new car, you are getting a cheque that you can go get a new 2020 with.

This coverage is not from ICBC despite being sold by the agents - this is an aftermarket coverage from my understanding. You should definitely read the fine print.

-Mark

11-12-2019, 02:27 PM	#2
lowside67 Old School RS Join Date: May 2004 Location: Port Moody Posts: 4,641 Thanked 4,157 Times in 1,262 Posts Failed 130 Times in 80 Posts	The bottom line is if you don't get the insurance, then you will get paid out the value of a used 2018. If you do get the insurance, you'll get paid out the value of a new 2020. Your point about being "given" a 2019 is not correct - you are not getting a new car, you are getting a cheque that you can go get a new 2020 with. This coverage is not from ICBC despite being sold by the agents - this is an aftermarket coverage from my understanding. You should definitely read the fine print. -Mark __________________ I'm old now - boring street cars and sweet race cars.