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Depreciation Waiver Cover.This means when you make a claim, you will get the full claim amount without any deduction for depreciation on the value of parts being replaced.

Guaranteed Replacement Cost a property insurance valuation option found in some homeowners policies. The policy pays the full cost of replacing the home even if this amount exceeds the policy limits.The provision helps the insured avoid being underinsured in the event of a total loss.

A limited waiver of depreciation endorsement ensures your insurer will not deduct depreciation from a total loss claim for a specified period of time. In most cases, a limited waiver of depreciation lasts 24 months from your purchase or lease date.

The Depreciation Shield covers the depreciation amount partly or fully on assessed damaged parts allowed for replacement during repairs in case of partial loss to the insured vehicle. This add-on is not applicable in the case you lose your car completely, what is known as 'Total Loss' in insurance.

The 43r, or waiver of depreciation, endorsement is used for cars three years old or newer. It means that policyholders who experience a total loss due to theft or accident will be reimbursed for the full replacement value, not the car's depreciated value. Call it a risk protection plan for new cars.

If you have replacement cost coverage for your personal property, your insurance will typically help cover the cost of buying a new item at today's price. For example, if your TV is stolen, replacement cost coverage will likely reimburse you enough to purchase a new one of similar model and quality.

A depreciation waiver is an optional endorsement that means your car insurance policy will offer replacement value if your NEW car is stolen or damaged beyond repair in a total loss accident. This endorsement will apply for a set period of time after the new vehicle is purchased.