The barn was a total loss and we were given standard 10% of Coverage A Dwelling $186,000 or $18,600 (less $412.91) or $18,187.09 ACV. The Dwelling damage was estimated to be $77,940.82 (less $23,042.08) or $52,531.57 ACV. The builder questioned the integrity of the foundation and the Town Official came out and agreed, issued a stop work order and ordered an eng eval of the found. The eng condemned the found stating "the dry laid stone foundation has exceeded its serviceable life and should be replaced with a cast in place concrete foundation. The builder determined two sections of the house, half are damaged by fire, need to be completely demolished to access remove/replace foundation. The code upgrades will invoke ordinance of law or an add'l $18,600. The plans are not complete so we are waiting for the final estimate. So, will the ins. co pay, and what is Recoverable Depreciation?
Rhode Island

About The Expert

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. She co-founded United Policyholders in 1991 and serves as the organization's Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous publications including "The Disaster Recovery Handbook", "WISE UP: The Savvy Consumer's Guide to Buying Insurance" and consumer tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach is in her eighth consecutive term as an official consumer representative to the National Association of Insurance Commissioners, and is a member of the Federal Advisory Committee on Insurance.