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Last Post 06/16/2009 6:01 PM by  Roy Estes
Depreciation on labor
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ChuckDeaton
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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
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Roy Estes
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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
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