Wear and Tear

2 Posts
1 Sections
1 Types

October 6, 2023 4 min read Definitions

Understanding Depreciation in General Insurance Terms

Finance Insurance Studies Property Management Economics Insurance Depreciation Property Value Wear and Tear Outdated Property

Learn about depreciation in general insurance, a loss in the value of property due to wear and tear, usage, or obsolescence. Understand how it impacts your insurance coverage and claims.

October 5, 2023 5 min read Definitions

Wear and Tear Exclusion in Property Insurance

Insurance Property Management Homeowners Insurance Property Insurance Wear and Tear Insurance Exclusions Homeowners Insurance Policy Clauses

Understand the wear and tear exclusion in property insurance and how it makes losses due to normal wear and tear ineligible for coverage.