Most standard comprehensive auto insurance policies treat agreed value and new-car replacement as distinct, tiered benefits rather than simultaneously stacking payouts, though they often work together during a vehicle's initial life stage. For instance, many insurers offer an agreed value or market value baseline, but if your brand-new car is written off within its first one or two years of manufacture, they may offer a brand-new replacement vehicle of the same make and model instead of a cash payout. Review your Product Disclosure Statement for exact rules.
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