Is depreciation applied on my item value when I make a claim?

Yes, for Purchase Protection on your Premium account a depreciation of 5% per month is applied starting from 90 days after you make the purchase.

Here’s an example of how this would work on a £1,000 item:

• Up to 3 months (90 days), you can still claim £1,000 (a £50 excess will be deducted)
• After 4 months, you can claim £950 (less the £50 excess) which is £900
• After 5 months, you can claim £902.50 (less the £50 excess) which is £852.50

Because cover ends 90 days after you make your purchase for your Classic account then no depreciation will apply for Classic accounts