What is the salvage depreciation of metal in zero depriciation

Question

Accepted Answer

Salvage depreciation of metal in zero depreciation refers to the value of metal parts that are not subject to depreciation in an insurance claim.

In zero depreciation insurance, the insurer covers the full cost of repairing or replacing metal parts without factoring in depreciation.
Salvage depreciation refers to the value of the metal parts that can be salvaged or reused after an accident.
For example, if a car's metal bumper is damaged in an accident, the salvage depreciation would be the value of the damaged bumper that can be recycled or sold for scrap.
Zero depreciation policies are usually more expensive but provide better coverage for newer vehicles with higher metal parts value.

Accepted Answer

No

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