What is autmatically renewed with automatic renewal

I have used my three activations for three computers for this year. However, one of these computers have died. Will this dead computer automatically be renewed, or can I use the license for the new one I bought to replace it?

 

I find it odd  that there is no information about this from Symantec in the section about renewal. I believe this question must have been asked before,  but a search in this forum did not reveal an answer.