Skip to content
Ocean Point Claims Company
Glossary

Depreciation

The reduction in value from age, wear, and obsolescence: subtracted from Replacement Cost to yield Actual Cash Value.

Methods

  • Age / life percentage (most common)
  • Condition-based
  • Market-based

When disputed

  • Depreciation applied to non-depreciable items
  • Excessive life percentage
  • Depreciation on labor (varies by state)

Related

Ready to talk to a licensed Florida public adjuster?

Free claim review. No recovery, no fee. Answered 24/7.

License
FL DFS #W829547
Experience
21 years · 500+ mediations
Rating
5★ (85 Google reviews)
Fee
No recovery, no fee
📞 (888) 824-1306Free Claim Review