Automotive

Question Regarding Insurance Coverage- REMOVING DEPRECIATION DEDUCTION

  • Last Updated:
  • May 9th, 2022 4:17 pm
Newbie
Aug 11, 2015
51 posts
16 upvotes
Mississauga, ON

Question Regarding Insurance Coverage- REMOVING DEPRECIATION DEDUCTION

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Last edited by apollo580 on May 9th, 2022 3:50 pm, edited 2 times in total.
3 replies
Deal Expert
Jan 15, 2006
21392 posts
23734 upvotes
Richmond Hill
There is no diminished value claims in Ontario. Depreciation waiver as you said is only in the instance if the vehicle is written off.
Sr. Member
Feb 25, 2004
590 posts
274 upvotes
EP32k2 wrote: There is no diminished value claims in Ontario. Depreciation waiver as you said is only in the instance if the vehicle is written off.
Diminished value is something you go after the at fault driver for, your insurer is under no obligation to pay it
Deal Expert
Jan 15, 2006
21392 posts
23734 upvotes
Richmond Hill
kyfe wrote: Diminished value is something you go after the at fault driver for, your insurer is under no obligation to pay it
Which is what I was addressing. OP's question is what is insurance covering...

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