by GISVC » Thu Jun 02, 2011 01:24 am
i had roof damage which resulted in filing a claim with my insurance. an adjuster wrote me a check for my roof repair minus my 500.00 deductible and held back 20% for depreciated value which came to roughly 1200.00 my question is this. if my estimate is less than the check i was sent for repairs am i intitled to the depreciated value once my repairs are completed.
Posted: Thu Jun 02, 2011 08:27 pm Post Subject:
You are not entitled to the "depreciation" unless your repair cost exceeds what you have been paid. If you repair the roof for less than what you have been paid, you may keep the excess funds, but you are not entitled to more.
Add your comment