What is Recoverable Depreciation?
Depreciation is the difference between what it costs to replace your damaged property and that property’s value before it was destroyed. In a replacement cost policy, sometimes depreciation is withheld and the withheld amount becomes recoverable once you have completed the repairs, filed the required paperwork and ask that the depreciation be refunded to you.
If we can help you in any way with your Recoverable Depreciation Claim, do not hesitate to contact us. The evaluation of your Hurricane Ida insurance claim is free. There is no cost and no obligation to speak to our hurricane damage insurance claim attorneys. Let Lavis Law Firm – Personal Injury & Accident Attorney get you the money you deserve. Submit your case evaluation today. If you prefer, you may contact us at 866-558-9151 or 504-558-9151 for your free evaluation.