How does Sharp Prestige work?

How does Sharp Prestige work?

Sharp Prestige  bridges the difference between what your underlying insurance covers, and what it would cost to: repair your vehicle with OEM parts, to have your vehicle repaired by expert technicians, and in the event of a total loss, to replace your vehicle with the newest available make and model.* Currently, your insurance policy may repair your vehicle using stock, jobber, or aftermarket parts that may not fit the specifications of your vehicle. Even more, your vehicle may be repaired by third-party auto body centres that may not have the same level of expertise as your dealership repair centre. Sharp Prestige provides additional coverage to repair your vehicle using OEM parts designed by the engineers who made your vehicle, and will give you access to your dealership’s specialized repair technicians. 

*Total replacement coverage applies to new vehicles only. If you purchase a pre-owned vehicle, you will be given the amount paid at the time of purchase plus a 5% yearly increase: you will not lose out to market depreciation!