28-12-2016 01:46 PM
Depreciation reimbursement is when the insurance company pays for the full cost of spare parts without considering depreciation
08-09-2017 05:42 PM
Depreciation Reimbursement is when insurer does not deduct any depreciation amount from spare parts while reimbursing.
For Example: In HDFC ERGO under the Zero Depreciation like loss to rubber, nylon, glass etc are fully payable except tyres and batteries.