on a roofing job, my insurance co. is withholding $1000 doll

by ultima7 » Sat Jul 17, 2010 11:21 pm

will I get the depreciation money back after the job is done?

Total Comments: 1

Posted: Mon Jul 19, 2010 12:45 am Post Subject:

You don't suppose the $1000 is your DEDUCTIBLE, do you?

I doubt this is "depreciation money." Your policy covers claims on one of three bases: Replacement cost, Actual Cash Value (market minus depreciation), or Market value.

Or it could be that they just want to make sure the job gets done before they pay all the money.

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