Glossary / recoverable-depreciation
Recoverable Depreciation
Related category: Home Insurance
Definition
On replacement-cost claims, carriers may hold back depreciation until repairs are completed and invoiced. Recoverable depreciation is the withheld amount you can claim after work is done.
Related reading
Related terms
Insurhi content is informational only and not legal, financial, or insurance advice. Always read the full policy wording and consult a licensed agent before purchase.