Depreciation percentage for original spare parts for motor vehicle insurance in UAE

When your vehicle is at the garage for repairs and you wish to have original spare parts fit. The below would be the rate of depreciation that the insurance companies would charge against them:

Depreciation Percentage,Except for Taxi Vehicles,Public Transport Vehicles and Rental Vehicles,According to the Date of First Registration and Use 

Year Percentage
First
Second 5%
Third 10%
Fourth 15%
Fifth 20%
Sixth and above 30%

Depreciation Percentage for Taxi Vehicles,Public Transport Vehicles and Rental Vehicles,According to the Date of First Registration and Use 

Year Percentage
Last six months of the first year 10%
Second 20%
Third 25%
Fourth 30%
Fifth 35%
Sixth and above 40%

 

 



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