The short answer
Replacement cost policies pay in two stages: ACV upfront, depreciation held back until repairs are done and invoices submitted. Deadlines are 12–24 months from date of loss. Missing the deadline forfeits the depreciation — commonly $5K–$30K on a typical claim. Set calendar reminders at 9 and 18 months.
Frequently asked
- Can I still get depreciation if I DIY?
- Some insurers reimburse materials but not DIY labor. Ask in writing before starting.
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