Recoverable depreciation is part of some insurance claims. It is the amount an insurance company may hold back at first and release after approved repairs or replacement are completed.
Why It Matters
Homeowners sometimes see a claim estimate and assume the first check is the full amount available. Recoverable depreciation can explain why there may be another payment later.
Common Problems
Common confusion includes mixing up depreciation with the deductible, missing documentation deadlines, misunderstanding ACV and RCV payments, or assuming every policy includes recoverable depreciation.
Exterior Echelon Notes
Exterior Echelon can help homeowners understand the exterior scope of work, but policy decisions and claim payments are handled by the insurance carrier.
