Client's should know what their getting with their insurance packages right?
So I've added some short explanations on my site. =)
Depreciation: is the percentage of the cost of replaced parts which is shouldered by the insured.
Depreciation Schedule: (% of cost of brand new parts)
|Age of Vehicle||Private Car||Commercial Vehicle|
|Over 7 years||40%||45%|
|Batteries, Tires, |
Ball Joints, Tire
Rods & Shock
Absorbers for vehicles
over 3 years