In regards to replacement of a Covered Item or if you have elected to receive a cash payment in lieu of repair or replacement, the following Product Depreciation Schedule will be used to determine the current market value of the Covered Item.
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In regards to replacement of a Covered Item or if you have elected to receive a cash payment in lieu of repair or replacement, the following Product Depreciation Schedule will be used to determine the current market value of the Covered Item.
| Product Age (years) from purchase/install date |
% Credit |
|---|---|
| 1 | 100% |
| 2 | 100% |
| 3 | 80% |
| 4 | 74% |
| 5 | 68% |
| 6 | 62% |
| 7 | 50% |
| 8 | 44% |
| 9 | 40% |
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