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 |
| 0-3 years | Nil | Nil |
| 3-4 years | 20% | 25% |
| 4-5 years | 25% | 30% |
| 5-6 years | 30% | 35% |
| 6-7 years | 35% | 40% |
| Over 7 years | 40% | 45% |
| Batteries, Tires, Ball Joints, Tire Rods & Shock Absorbers for vehicles over 3 years | 45% | 50% |
