Can an insurance co charge depreciation on a Hail Comp Claim?

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1176622

2026-02-23 00:35

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Yes. If they are writing the vehicle off as "totalled", yes. If it's home damage and, for example, they're saying that the roof has been used for a certain number of years and that it's half "used up", they only have to pay for the amount of the roof life that was lost. That's depreciation.

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