DEFINITION
Advisory Schedule

A table of percentages to assist in arriving at the depreciated value of cars of certain age. This table usually is arbitrarily produced by a company and represents its experience in appraising cars of certain ages. It is used by underwriting departments in determining the insurable value of cars insured for property coverages on a stated amount basis, and for determining age groups for collision, actual value fire, theft, and tornado, and comprehensive coverages.

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