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Is depreciation applied to the item value when I make a claim?

Yes, for the Purchase Protection a depreciation of 5% per month is applied starting from 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.

  • After 3 months (90 days), you can still claim £1,000
  • After 4 months , you can claim £950
  • After 9 months, you can claim £700
  • After 12 months, you can claim £550
  • After 13 months, you can no longer make a claim

See the Terms & Conditions for further details.

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