Waiver of Depreciation:

As the owner of a new vehicle that’s been leased or financed, Unica’s Waiver of Depreciation endorsement can protect the value of your purchase in the event of an accident or other claims.

Vehicle depreciation begins the moment you take ownership of your vehicle. According to data from a popular vehicle resale site a car can lose as much as 25% of its initial value immediately, and 60% on average within the first five years. When dealing with a total loss, you may still owe money on a vehicle’s lien beyond what your claim has been settled for. With Unica’s Waiver of Depreciation endorsement, your settlement will not be reduced due to depreciation for up to five years from the purchased date of that vehicle.

Leather interior of a luxury vehicle.

Key Features and Benefits

Maintain the value of your vehicle
This endorsement waives the cost of depreciation (except to tires and batteries) if the damaged vehicle is repaired or replaced due to an insured loss.
Not just for autos
Available on all non-performance Snowmobiles.
Genuine Manufacturer Replacement Parts
In the event of a partial loss, Unica will ensure your car is repaired with genuine replacement parts from the vehicle manufacturer, not generic parts.
Extended coverage for new clients
Unica will extend coverage to new clients who are currently covered under a competitor’s waiver of depreciation endorsement.


At Unica, we’ve built our reputation by putting people first. We’ll handle your claim as quickly and as worry-free as possible.

From Partner to Policyholder

Because we value the way they work and we like the way their system is, we actually became a policyholder. And that speaks a lot–especially when I’ve been in the insurance industry for over thirty years.
Matt Molson | Owner of Leda Restoration

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How to protect your car’s value from depreciation

It’s a common sentiment that new vehicles lose half of their value the moment they’re driven off the sales lot. Although a tad hyperbolic, the truth is this statement is not far off. According to data from a popular vehicle...
Read article - How to protect your car’s value from depreciation