how long after can i request a check for recoverable depreciation?

UPDATED: Aug 22, 2016

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Aug 22, 2016Fact Checked

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Asked August 22, 2016

1 Answer


In the state of Louisiana, you have six months (180 days) to request a check for recoverable depreciation. Recoverable Depreciation is the difference between the cost to replace or repair property and its value before the damage occurred.

For instance, a fire breaks out in a home and destroys the roof with flames and smoke damage. The house is insured for $250,000 and the cost for total roof replacement runs $40,000. The $40,000 is the Replacement Cost, the first part of the formula up above. The actual cash value of the roof due to it being straight-line depreciated at 3.33% a year is now $13,333. The straight-line depreciation figures were based on a 30-year total lifespan of the roof. For every year that the roof is operable, it depreciates by $1,333.33 or 3.33% of the original $40,000 price tag. The Recoverable Depreciation in this scenario would be $26,667. This is based on the $40,000 (replacement cost of the roof) minus $13,333 (actual cash value of the roof).

Answered August 26, 2016 by Parker2009

Related Links

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption