Car Insurance Replacement Value. Sold separately from your auto insurance policy, and as a complement to it, replacement insurance is available for automobiles, motorcycles, quads, snowmobiles and motorhomes,. Let’s say you found the retail value to be $12,000 and the dealer purchase value to be $8,000.
Gap insurance covers the difference between what you owe and the actual cash value of your car. An option for replacement cost isn't always available for car insurance. It’s lost value over time,.