Forums

/ / /

Prev Go to previous topic

Go to next topic

Last Post 06/16/2009 6:01 PM by Roy Estes

Depreciation on labor

21 Replies

Sort:

You are not authorized to post a reply.

Page 2 of 2

Author

Messages

ChuckDeaton
Life Member

Senior Member
Posts:1110

05/07/2009 10:17 PM
Proper depreciation should be shown, not necessarily taken, on every property claims estimate written. Replacement Cost (RCV) less proper depreciation equals Actual Cash Value (ACV). Proper depreciation is determined by considering age and condition. "Prattling on and on about being an ass with experience doesn't make someone experienced. It just makes you an ass." Rod Buvens, Pilot grunt

Roy Estes

Member
Posts:155

06/16/2009 6:01 PM
Posted By Ray Hall on 06 May 2009 12:35 PM Any componant of a house is subject to depreciation. IF the property damaged is " betterment". A gallon of paint will cover about 450 sf. it cost about .5.5 cents top for material and from 50 to 80 cents labor and profit. If a room needs walls and ceiling BEFORE the storm and after the staining from the storm it still needs it. NO BETTERMENT. turn in your license, this will not fly. Ha, Ha Ray Well said! "Each of us as human beings has a responsibility to reach out to help our brothers and sisters affected by disasters. One day it may be us or our loved ones needing someone to reach out and help." RC ESTES

You are not authorized to post a reply.

Page 2 of 2

These Forums are dedicated to discussion of Claims Adjusting.

For the benefit of the community and to protect the integrity of the ecosystem, please observe the following posting guidelines:

No Advertising.
No vendor trolling / poaching. If someone posts about a vendor issue, allow the vendor or others to respond. Any post that looks like trolling / poaching will be removed.
No Flaming or Trolling.
No Profanity, Racism, or Prejudice.
Terms of Use Apply

Site Moderators have the final word on approving / removing a thread or post or comment.