Help & Support
What is a waiver of depreciation (depreciation waiver)?
When you buy a brand new car, your automobile may depreciate quickly. A waiver of depreciation (depreciation waiver) means you may be compensated up to what you paid for your automobile, as opposed to its depreciated value, when settling a claim for loss of damage caused by a peril you are insured against.
Please contact us to add this coverage to your policy.
Did that answer your question?
Related questions
- Am I covered if I use my car for Uber?
- Are the basic compulsory coverages enough?
- Are the contents of my car covered?
- Do I need travel trailer coverage?
- Does my auto insurance provide any coverage when I rent a car?
- How can I be sure I have enough or the right insurance coverage?
- How can I be sure I have the right insurance coverage?
- How do I choose the right coverage?
- What are Accident Benefits?
- What are different types of car insurance?
By accessing and browsing this website visitors accept, without limitation or qualification, the terms and conditions (*Terms of use).
Servus Insurance Services | Home and Auto ("SISHA") is a tradename for belairdirect Agency Inc., used under license, and is not a subsidiary of Servus Credit Union. This is not a solicitation by Servus Credit Union. Home and auto insurance is underwritten by Belair Insurance Company Inc. Services provided by belairdirect Agency Inc. ®belairdirect is a registered trademark of Belair Insurance Company used under licence.