by livemore5 » Sat Oct 10, 2009 06:23 am
What is I only want recoverable depreciation on a portion of the claim. i.e, paint was cheaper than
claim allowed for. However, countertops more. If I did the painting myself, can I still get the recoverable depreciation on the countertops?If I have the receipts for them or would I have to show receipts for all?
claim allowed for. However, countertops more. If I did the painting myself, can I still get the recoverable depreciation on the countertops?If I have the receipts for them or would I have to show receipts for all?
Posted: Thu Aug 18, 2011 06:44 pm Post Subject:
After I send the check to the mortgage co, who does this check go to me or the contractor need to know please.
If you have not signed the check only you can cash it. Did you sign it? None the less, call the mortgage company and let them know what the situation is.Posted: Wed Sep 14, 2011 06:39 pm Post Subject: his to recover the depreciation portion insurance held back
How do I recoup the $700.00 depreciation fee they took from me on my claim from a recent burglary at my rental that I livee at? my WII system and many access. And games and dvds collection and My Flatscreen tv w dvd player built in and these Items were less then 5 months old and I can't replace them at the money they gave me without being used and they farmers told me I can get depreciation back but don't know how or how long before I can't get it back please help....
Posted: Wed Sep 14, 2011 09:19 pm Post Subject:
First, please start a new thread if its a new question.
Your policy only owes replacement cost if you replace the items. If they afre not replaced then you have been paid the depreciated amount already.
If you are saying that you cannot afford the difference up front then use all of the money paid to replace one or more items. Get paid the difference on those items. Rinse and repeat.
Posted: Sun Sep 25, 2011 02:19 pm Post Subject: Deprecation release
If I purchase a home for more than the settlement of the claim can I get the release of the deprecation?
Posted: Sun Sep 25, 2011 02:54 pm Post Subject:
If you did not own the property at the time of the loss, you have no insurable interest, and cannot collect anything.
Posted: Wed Jan 30, 2013 09:33 pm Post Subject: less depreciation check
Why would my insurance company send this check to the contractor? :(
Posted: Wed Jan 30, 2013 09:47 pm Post Subject:
Ask your insurance company.
Posted: Mon Feb 11, 2013 12:55 pm Post Subject: total loss
I have a insurance claim for $100.000 and my insurance co gave me a check for rebuilding and still owe me $23.000 deprication if I have a sighed contract with a contractor for $100.000 do they have to pay me in full so I can pay off my contractor.
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Posted: Mon Feb 11, 2013 02:26 pm Post Subject:
Not until the work is completed and the proof of loss (the total bill) is presented. And even then, the work must be restorative, not an enhancement of any kind (other than as may be required by law, and even that must be covered by an Ordinance and Law provision in your policy).
Posted: Mon Jul 21, 2014 08:25 pm Post Subject: Recoverable Depreciation
I am trying to figure out how to get my depreciation however I used an unlicensed contractor for some of the work (someone I knew that I was trying to help out by giving him some work). Does the insurance company check on the license status and if so, do they deduct from the depreciation the portion that the unlicensed contractor performed?
My licensed contractor (who did most of the work) is willing to show the total cost of the work on his final paperwork for me, because I do not communicate with the unlicensed guy anymore and I need to show the total cost of the job. I have the receipts for materials, etc. Will that be an issue?
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