How do I claim the depreciated value of the claim. The insurance co. estimated damage to be $8000.00. After $500.00 deductible and $3000.00 depreciated value was subtracted, I am getting $4500.00. Is the depreciation amount recoverable?
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UPDATED: Mar 19, 2019
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Insurance Question from Laurel, MD
Asked on 03/19/2019
How do I claim the depreciated value of the claim. The insurance co. estimated damage to be $8000.00. After $500.00 deductible and $3000.00 depreciated value was subtracted, I am getting $4500.00. Is the depreciation amount recoverable? Total cost to repair will be $8000.00.Why would they only give me $4500.00.
Answer given on March 21, 2019
is this a claim on a home or auto policy?
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