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The non-recoverable portion of a claim is that part of the claim the insurer will not pay because it is not covered under your insurance policy. There would be no point in filing a claim on that which is not insured.

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Q: Can you do a supplement claim if what the insurance gave was not enough after they took out non recoverable depreciation?
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What is recoverable depreciation?

Recoverable Depreciation may be recovered from the insurance company.Recoverable depreciation usually refers to monies held back for repairs. In essence, once a claim has been filed, usually by phone on a 24 hour claim hotline, an adjuster from the insurance goes to the home that has been damaged, assesses the damage, mails the itemization breakdown of damages called a "Scope" to the claimant showing amount of money allowing for repairs. Sometimes a check is sent before the Scope is sent, sometimes with, and sometimes after. State Farm prints out a Scope along with a check on the spot the same day. The check will be an amount minus the deductible. The insurance company holds back the "Recoverable Depreciation" until proof that repairs has been completed is received. This proof usually comes from the contractor. However, proof may be accepted by the insurance company from the claimant with certain documentation requested by the insurance company provided by the contractor. Their are cases in which the insurance company will send both the initail repair check and recoverable depreciation together in one check. This may occur if the claimant owns the home with no mortgage company involved or the amount of both checks are small usually $5,000 or less. If the claim check issued by the insurance company is larger than $5000 the check may have the check issued to the claimant and the mortgage company. If this is the case, the claimant must send endorse the check over to the lender and the lender than will cash the check and mail their own check back to the claimant. This can take 1-4 weeks depending on the lender and location. With many insurance companies, if the claimant does not have the work done within a designated time, usually, 180 days from the date the damage occured, the recoverable depreciation may be lost.The insurance companies argue that this is to protect the consumer when, more often than not, it serves to frustrate rather than help the claimant.These monies are not to be confused with 'uncovered or disallowed' claims. Recoverable depreciation is "incentive" money that has already been determined as needed by the claimant to help with repairs. More times than not, the initial check is NOT enough to cover the total of repair and the claimant may be in a pickle if they cannot find a contractor to work with them on a partial payment and then reimbursed by the insurance company after completion of repairs.

What do you do if your insurance claim is paid and it is not enough to cover the repairs?

This answer can be very involved. Most simply, you should attempt to get your insurance adjuster and the repairer to agree on the cost of repairs. Insurance companies issue 'supplement' payment on claims regularly.

How old do you have to be to have auto insurance?

If you are old enough to have a driver's license, then you are old enough to have auto insurance ... simple as that!

What is under insurance?

When you file an insurance claim, if you do not have enough insurance coverage, under insurance claims can be the result. Under insurance is a term used when calculating claims when the coverage is not enough and the policy has undervalued the amount insured.

Why it is important to declare the correct value of your property when taken insurance protection?

It's not. It is important tho to be sure to get Personal Property Protection which eliminates depreciation. If you are buying a tenants policy than make sure the insured amount is enough to buy new of everything that you own. Home policies generally provide enough anyway as the PPP amount is a percentage of the dwelling amount.

What exactly is underinsured motorist car insurance?

Underinsured motorist coverage is a coverage in case you have an accident with someone who doesn't have insurance or enough insurance. For example, if someone hits you and they don't have enough coverage to fix your car, your insurance would help you out.

What is the meaning of deficiency?

There is not enough of whatever the subject is. For example, one who is iron deficient does not have enough iron in their body and should probably take an iron supplement.

Your truck was totaled and the person that hit you does not have enough insurance what should you do?

Sue him.A bit more:If the person who hit you doesn't have enough insurance to cover the damages to your vehicle, then your insurance should cover the balance of the costs if you have full coverage and not just liability insurance.

What is under insurance over insurance?

Under insurance is not carrying enough insurance to cover your assets in the even of a liability claim or not carrying enough insurance to satisfy your bank / lienholder. Over insurance is carrying more insurance than you need. This is more common with home insurance. For example, insuring a 1000 square foot house for 1,000,000, would be considered more insurance than you'd ever need.

How old can you be to buy auto insurance?

Old enough to legally drive is old enough to buy auto insurance. i still a minor you will be required to have your parents countersign the application

Why do you need iron supplement if your body can recycle iron?

A person might be taking an iron supplement if they are not getting enough iron in their normal diet, for example a vegetarian. The other reason could be that the body isn't quite good enough at recycling anyway; naturally, some iron will get lost and will have to be replaced.

What happens to climbers in the death zone?

Your body cannot get enough oxygen to survive, so it slowly starts to close organs down, and you start to die.