Quick Depreciation Tips
- Depreciation is the amount of money withheld from you until your work is completed. By withholding depreciation, your insurance company ensures that they only pay the balance after you pay your deductible.
- Your insurance company will match, not exceed, your roofing contractor’s “fair market value” bid, less your deductible.
- If you do not spend all of the money allowed, your insurance company keeps the difference and pays the balance.