Bushrat, when you purchased your replacement cost policy do you remember what the difference in annual premium was over a standard policy? When I bought my Spyder I just kept my fingers crossed but I remember when I bought my wife a new cage in 2016 the stealership finance guy tried to peddle something like that and I told him to pound sand.
JayBros, don't have my policy in front of me to tell you exactly, but my recollection is that the replacement cost (no depreciation) endorsement was an extra $45 or $50 per annum. It came in handy last August. My auto insurance covers two vehicles: Spyder, and (as it then was), a 2018 RAM 1500 pick-up. I (and wife) went off highway, into a ditch and back up onto shoulder, due to blown front tire. Little visible damage to truck body (slightly wrinkled right front fender), but front axle was snapped and we pretty much tore up things underneath - bent frame, various damage to steering, radiator, AC tubing, etc. Physically, we were only mildly shaken, and fortunately walked away. It was like riding the "Wild Mouse" on a carnival midway. However, my nice, $46,000 CAN, 10-month old truck with barely 14,000 miles on it needed $28,000 in estimated repairs. The insurer quickly wrote it off, didn't even think about repairing, and simply stroked me a check for full purchase price. No hassles about depreciated value. Even added on the value of the bed tonneau cover I bought after original purchase. So, it was a worthwhile added premium cost, I believe, in the case of a relatively expensive (for me) new vehicle. The 'no depreciation' endorsement provided for giving me lesser of: my actual purchase price, or finding me a current (2019) vehicle with comparable equipment. It was both cheaper and faster for them to simply write me a check. I bought and paid for a new car within two weeks of the accident. Miss the truck, but it was a clean, quick 'good bye' and funeral.
PS: Had some very helpful, interesting discussion about tire quality and ratings with Mike (BlueKnight911) following the accident. We had been on slightly damp (not really wet) pavement, and I suspected my OEM tires had poor wet weather performance. That much was true!! The truck was 'fish-tailing' slightly just before we went off road. Then, something quick and sharp happened just instantly before we did. On closer inspection back at collision shop, two serious punctures were discovered on inside right front tire wall, just above road surface. We'll never know for certain whether the damage to tire happened while on pavement (tire tracks leaving road seem to indicate this), or down in ditch at point of impact which snapped front axle. Most of damage to underside of truck came from sliding 140' downhill on wet grass along the ditch. We mowed down a bunch of weeds and a couple of small bushes; missed a telephone pole by 7'. All over in a matter of seconds.
