This is an example of an insurance company's depreciation guide.Read more
1) Get a complete copy of your insurance policy and read it! Read through your policy, not just the declarations page. Highlight and make notes regarding important deadlines, responsibilities, and...Read more
NOTE: This letter is a sample that must be customized to fit the facts of your individual situation and claim. All bracketed and underlined portions must be completed or revised before sending. Use...Read more
Policyholders are often frustrated by the low values that insurance adjusters put on property items when depreciating them to set "actual cash value" before issuing payment. You can challenge...Read more
Here are three terms that will help you understand how depreciation works in connection with insurance claims. Your insurer may depreciate both your “stuff” and your dwelling. Depreciation: The loss...Read more
California has more laws to protect insurance policyholders than any other state in the country. These laws tell insurers what they must, can and cannot do. There are laws made by judges and...Read more
Goal: Collect the full amount your insurer owes you by listing and pricing everything you lost and submitting receipts as you replace items or by negotiating for a “cash-out” settlement at or close...Read more
1. Xactimate® is a computer software system for estimating construction costs that has become widely used by insurance companies in the past decade. Insurance company adjusters use it to calculate...Read more