During claim settlement, you have to bear the depreciation on certain car parts. This results in additional expenses at your end. Depreciation Shield protects you from these additional expenses.
Download Depreciation Shield
- 1. Depreciation Shield Your vehicle is as good as new!
- 2. 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
- 3. The difference between the depreciated value and the market cost of buying a new part is borne by the insured.
- 4. DEPRECIATION SHIELD covers the Depreciation Amount on the Damaged Parts that are allowed for Replacements
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