Glossary · estimating
Recoverable Depreciation
Depreciation held back from ACV payment, released when repairs complete.
On RCV policies, carriers pay ACV initially and hold back depreciation. When repairs are complete and proven, the held-back depreciation is released.
In practice
Where you encounter "Recoverable Depreciation" in Florida claims
Policyholders see "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
Estimate
Projected cost of repair.
Xactimate
Industry-standard insurance estimating software.
Line Item
A single entry in a scope of loss, with quantity and price.
Price List
Regional labor and material cost reference used in estimates.
O&P
Contractor overhead and profit, typically 20% added to estimates.
Sales Tax
Tax on material costs, added to estimates.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your right to professional representation.
FS 627.70131 Carrier Duties
What carriers must do and when.
FS 627.70132 Notice Deadlines
When you must file.
FS 627.7142 Bill of Rights
What the carrier owes you.
FS 626.9744 Matching
Reasonable matching requirement.
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Glossary
Related insurance terms
Claim Severity
Related glossary entry: Claim Severity.
Structured Settlement
Related glossary entry: Structured Settlement.
Appraisal
Related glossary entry: Appraisal.
Florida Statute 626.9744
Related glossary entry: Florida Statute 626.9744.
Coinsurance
Related glossary entry: Coinsurance.
Mold Sublimit
Related glossary entry: Mold Sublimit.
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- ✓Licensed Florida public adjusters
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- ✓No fee unless we recover more than you were offered
What kind of damage?
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