Insurance exes etc
Has anybody had to pay more than standard excess for replacement of rubber membrane after it was ripped by a tree, my insurance claims depreciation for age. Frank
Forum Discussion
Just to note, insurance policies don't exactly read like novels. They won't call it depreciated value, they won't tell you they deduct depreciation from the cost of the repair or have any wording similar to that. They will call it something like "Actual Cash Value", which sounds great, but isn't. The policy that pays for the total cost, (less deductible of course) has "replacement cost" buried somewhere in the one million words of the policy. I would be asking your insurance agent to give you the uncomfortable explanation of how your policy actually works. As you are probably coming to realize, that is actually a conversation you should have had when you were deciding on policies, not when you are fighting a claim.
