Insurance Issues from Ida

Can you elaborate more on that?

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and other deductions for depreciation, I'm getting a nice $700 check for my $20,000+ in damage...

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Do you have a replacement cost endorsement?

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If you are paying a hurricane deductible there should be no hold backs for depreciation.

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That's not true. Actual cash value policies still have hurricane deductibles.

And even if you have replacement cost coverage, they still often hold back recoverable depreciation that you recoup later as you complete repairs and turn in receipts.


ETA: To OP, did you have a really big hurricane deductible or did the adjuster's estimate just lowball or miss a bunch of stuff? If the latter, then you can dispute it with your insurer. Get estimates from contractors and send them to your adjuster to request approval on.

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And even if you have replacement cost coverage, they still often hold back recoverable depreciation that you recoup later as you complete repairs and turn in receipts.

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Usually, and for most of my customers, they are not holding back deprecation at this time. This is only during significant weather events where there is lots of damaged property.

Have had multiple insureds get paid RC value without any holdbacks for deprecation. But then again, I do not represent sheisty and shitty State farm or other direct writers.

At least you got something from yours. My field adjuster didn't come out until 9/26, and all I get are calls saying they have reviewed everything and will be sending me a settlement offer soon. By the way, can you also send us xxx, which the adjuster already has we just want to ask for it again.

Let’s see the breakdown here, how much is your deductible and how much recoverable depreciation withheld?

There isn’t a whole lot of info in this OP.

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ETA: To OP, did you have a really big hurricane deductible or did the adjuster's estimate just lowball or miss a bunch of stuff? If the latter, then you can dispute it with your insurer. Get estimates from contractors and send them to your adjuster to request approval on.

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In my opinion lots of low balling and "that was there before" type scenarios. Already looking at having someone private come out and see the disparities.