If you pay a premium for Total Loss Replacement Cost Coverage for your covered auto, the limit of Liability for a total
loss, subject to the applicable deductible, is as follows:
1. When your covered auto is, at the time of loss, the current model year, or first through fourth preceding model
year will be:
(a) If you choose to replace your covered auto, we will pay the cost of a new vehicle that is, to the extent possible,
the same make, class, size, and type, and which contains comparable equipment to your covered auto; or
(b) If you choose not to replace your covered auto, we will pay the original documented purchase price.
2. When your covered auto is, at the time of loss, in the fifth through seventh preceding model year we will pay the
higher of the actual cash value, at the time of loss, or the original documented purchase price you paid for your
covered auto. If at the time of loss you do not provide proof of the documented purchase price, our limit of liability
will be the actual cash value of your covered auto reduced by its salvage value if you or the owner retain the
salvage.