Yes, for the Purchase Protection, a depreciation of 5% per month is applied starting 90 days following the purchase. For the Refund Protection and Ticket Cancellation, no depreciation is applied.
To illustrate how the depreciation works, let's consider an £1,000 item.
Please see the Terms & Conditions in the app for more details.
You can access them in the app by going to Hub → Insurance → select the type and click on 'All documents'.