Depreciation Shield

Depreciation ShieldYour vehicle is as good as new!

YEAR 1

% In case of a claim, insurance companies apply the depreciation rate to arrive at the amount payable for a specific damaged part

YEAR 2 YEAR 3

DEPRECIATION is the rate at which the value of your vehicle parts reduce as the vehicle ages

The difference

between the

depreciated value

and the market cost

of buying a new

part is borne by the

insured.

DEPRECIATION SHIELD covers the Depreciation Amount on the Damaged Parts that are allowed for Replacements

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