If you have Comprehensive Car Insurance and your car is assessed to be a total loss or a 'write off' from an incident covered by your policy, then instead of being repaired, the amount your car is covered for will be given as a cash payout (less any deductions).
If your car is less than 2 years old, and you're the first registered owner, we'll replace it with a new car of the same make, model and series (if available within 90 days), or similar if not available. If you choose not to accept the replacement car, or where an agreement cannot be reached between us on a replacement car, or a replacement car cannot be supplied, we will pay you the amount covered on your certificate of insurance (less any deductions). See the PDS for full details.