re: Insurance Issues from Ida

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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.