re: Roof replacement using insurance question

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Offer to pay in cash for an amount less than what your insurer actually pays you. Many roofers can do the work considerably less than the amount of the estimate.

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If you have RCV, you can submit a claim for your depreciation holdback if the roof repairs exceed the ACV amount.

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You aren't getting back recoverable depreciation if you paid less than the insurance estimate.

If your adjuster estimated the roof replacement to be $20,000 and held back $4000 depreciation, but you get the roofer to do the job for $16,000 or less, you won't get any of the depreciation back. If the roofer did the job for $18,000 then you only get back $2000 of recoverable depreciation instead of the full $4000.

Depreciation hold back is a way the insurers combat homeowners submitting inflated estimates, then getting the actual work done cheaper so they can either pocket leftover cash or offset their deductible.