How Recoverable Depreciation Works

Good Shepherd Roofing06 Feb, 2024Home & Garden

If you’re like many of our customers you may wonder how to recover depreciation from an insurance claim. First it is important to check if you have recoverable or non-recoverable depreciation. In most cases deprecation is recoverable, but sometimes it is non-recoverable because the policy owner may have an Actual Cash Value Policy, the repairs/replacement were not done before a certain deadline, or other reasons. You can verify if your depreciation is recoverable on your insurance adjustment, or on your insurance declaration page or policy.