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Depreciation in home insurance: how it reduces your payout
Depreciation is one of the most common reasons a payout falls short. The expert applies it to each item according to its age.
Definition
Loss of value linked to age, use and condition, deducted from the payout in policies that apply it.
How to avoid it
Choose a policy that pays replacement value as new, ideally for life.
Frequently asked questions
Is it always applied?
It depends on the policy.
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