Got it ! Thank you again good sir!
New car cover If your car is less than one year old and you are the first and only registered owner, we will replace it with one of the same make and model if it has: • been stolen and not found; or • suffered damage covered by the policy and the cost of repairing it is more than 60% of the last United Kingdom list price, (including taxes). We can only do this if a replacement car is available in the UK and anyone else who has an interest in your car agrees. If a suitable replacement car is not available, or your car was not supplied as new in the UK, we will pay you the market value of your car at the time of the loss (less any excess that may apply). If we settle a claim under this clause, the lost or damaged car becomes our property and you must send us the registration document.