What is recoverable depreciation?

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PostPosted: Thu Sep 17, 2015 1:31 pm   Post subject: water damage  

Our insurance co gave us a check for $15,000, but allowed for $19,000 with recoverable depreciation. What is required to retrieve the remaining money?


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anonymous*
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PostPosted: Mon Oct 19, 2015 6:05 pm   Post subject: deprecetaion check  

example if I had a clain for 10000 less deductible 1000 = 9000

insurance issued check for 6000 held back 3000 now work is completed I showed invoice for 6000 is that acceptable or do I need work to total 9000?


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hopegabba
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PostPosted: Tue Oct 20, 2015 2:04 am   Post subject: insurance house  

example if I had a clain for 10000 less deductible 1000 = 9000



insurance issued check for 6000 held back 3000 now work is completed I showed invoice for 6000 is that acceptable or do I need work to total 9000?


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dgabba
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PostPosted: Fri Jan 20, 2017 12:07 am   Post subject:   

Do I have to use money issued for a new roof to repair the roof?


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ahomeownerinneed
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PostPosted: Fri Jan 20, 2017 12:53 am   Post subject: Claim  

The insurance co.has already given us a check for our claim and we are happy with it. Why do they want receipts now? (replacement receipts for the recovery of the depreciation portion of your claim)


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Tman3998
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PostPosted: Fri Jan 27, 2017 11:17 pm   Post subject: recoverable depreciation  

I had a fire in my house that it also damaged the pavers, electrical and pool in the backyard. I repaired the pavers, electrical and pool and I paid out of pocket for the work. I have been waiting for money and my adjuster told me that I have depreciation but it is not recoverable. What does this mean. I am not going to get money for the work.


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delfino2734
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