Glossary · estimating
Non-Recoverable Depreciation
Depreciation you do not get back, regardless of repairs.
ACV policies pay only depreciated value. Some items (certain materials, content categories) are non-recoverable even under RCV. Check policy details.
In practice
Where you encounter "Non-Recoverable Depreciation" in Florida claims
Policyholders see "Non-Recoverable Depreciation" referenced in policy language, claim correspondence, and carrier scope of loss documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See also FS 626.854 and FS 627.70131.
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Know these too
Related terms
Projected cost of repair.
Industry-standard insurance estimating software.
A single entry in a scope of loss, with quantity and price.
Regional labor and material cost reference used in estimates.
Contractor overhead and profit, typically 20% added to estimates.
Tax on material costs, added to estimates.
Know the law
Related statutes
Your right to professional representation.
What carriers must do and when.
When you must file.
What the carrier owes you.
Reasonable matching requirement.
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
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Where else this term matters
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Glossary
Related insurance terms
Related glossary entry: First-Named Insured.
Related glossary entry: Third-Party Claim.
Related glossary entry: Loss of Income.
Related glossary entry: Public Adjuster.
Related glossary entry: Non-Renewal.
Related glossary entry: Named Perils.
Free claim review
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details next.
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