Recovery of Contents Depreciation
All contents claims are depreciated heavily.
For example:
$100,000 | Replacement Cost of Inventory |
( -$40,000 ) | Depreciation |
$60,000 | Settlement and payment. This is the Actual Cash Value (ACV) |
In the above example you were paid $60,000 and $40,000 is the recoverable depreciation.
You can recover insurance claim depreciation by submitting receipts for purchases made after the fire. This is a long and tedious process.
It’s a sad fact that 95% of claimants NEVER recover the depreciation. Add to this burden a time limit.
You may not realize it, but you will run out time to claim the depreciation.
Nation Adjusting can step in and help you renegotiate the depreciation and recover most, if not all of the depreciation.
We provide a FREE evaluation of your contents claim to determine if we can collect anything.
Look at our reviews on BBB in Sacramento, on Google, and on Yelp. We have helped many claimants with insurance claim depreciation recovery.
Simple example of a personal property inventory.
Examples of Recovery on Depreciation: