I live in a condo/townhouse in Georgia. Last week, my neigh

I live in a condo/townhouse in Georgia. Last week my neighbor broke a water line while working on his unit which caused water to run into my unit -- both floors and ceilings. Fortunately, our HOA insurance policy has agreed to cover the claim. My HOA has offered me an amount, but the amount does not include "depreciation" costs. In other words, "depreciation" has been subtracted from the "actual replacement cost." And so even though the amount is significant, it is is still 30% less because of "depreciation." My HOA wants me to accept this figure and to sign a release against any future claims. I am not sure I should sign. Is there anything about depreciation that is "recoverable? Why does the insurance company refer to "depreciation" as "recoverable" if it isn't? Should I accpet my HOA's offer and not try and "recover" any of the depreciation?

Thanks!