What does net claim if depreciation is recovered mean?

"Net claim if depreciation is recovered" refers to the total amount that an insurance policyholder can claim from an insurance company after accounting for any recovered depreciation on a damaged or lost asset. This means that if the asset's value has depreciated over time, the claim amount will be adjusted to reflect the current value rather than the original purchase price. Essentially, it indicates how much the insured party can expect to receive after considering the depreciation that could be recouped through the claim process.