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Frequent Contributor
manjulal
Posts: 103
Registered: ‎22-08-2016

what is depreciation reimbursement

what is depreciation reimbursement

2 REPLIES 2
Frequent Contributor
harshG
Posts: 94
Registered: ‎02-08-2016

Re: what is depreciation reimbursement

Depreciation reimbursement is when the insurance company pays for the full cost of spare parts without considering  depreciation 

Occasional Contributor
BGupta
Posts: 10
Registered: ‎30-05-2017

Re: what is depreciation reimbursement

Hello Manjulal,

 

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.