For my experience, I was denied for my warranty replacement.
I was given an option for crash replacement, which was around 20% off MSRP.
It was a 2014 R3 Black/blue that I crashed, but was also given an option to get the S3 instead.
Since they didn't have the black/blue R3, or the More Red/black S3 anymore, I decided not to get anything as I didn't like the available colors.
When I asked Cervelo, they told me there was no time limit on when to claim the crash replacement. So, I decided to wait and see if they come out with other colors to my liking in the future. Best of luck for your replacement.
2014 Cervelo S2
2016 Canyon Aeroad CF SLX
2004 Colnago Master X Lite (For sale 54cm)
2014 Cervelo R3 (RIP)
2012 Caad10 Team (Sold)
2011 Raleigh Revenio 2.0 (Sold)