Auto Insurance Glossary

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Depreciation waiver coverage (No. 43)
Travel to work

Depreciation waiver coverage (No. 43)
Has your car been written-off in an accident within the first 24 months of the original delivery date? This optional coverage ensures that you will receive the full value of what you paid for the car -- without depreciation. If your car can be safely repaired, we will arrange for necessary repairs.

Travel to work
Driving to work includes driving all the way to work as well as driving to a subway, bus or train station. People, who don't use their vehicle to drive to work, will have a lower premium than those who do.


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