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Auto Insurance TD Insurance
Auto Insurance Glossary

A B C D E F G H I J K L M N O P Q R S T U V W Y Z

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Waiver coverage, depreciation (No. 43)
Work, travel to
Work use

Depreciation waiver coverage (No. 43)
Has your car been written-off in an accident within the first 24 months of the original delivery date? This optional coverage ensures that you will receive the full value of what you paid for the car -- without depreciation. If your car can be safely repaired, we will arrange for necessary repairs.

Travel to work
Driving to work includes driving all the way to work as well as driving to a subway, bus or train station. People, who don't use their vehicle to drive to work, will have a lower premium.

Work use
The more you use your vehicle, the higher the risk that you'll be involved in an automobile accident. People who use their vehicle for business will have a higher premium than those who do not. Business use includes driving to appointments or presentations or if you are a salesperson on the road.

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