How often may the depreciation be deducted?

What depreciation am I entitled too?

• I had a claim on my house earlier this year and the replacement cost value came out to a little over $10,500. The insurance company then deducted $500 for my deductible and another $1,500 for depreciation and sent me a check for $8,500. I had to fire the contractor they recommended because he was doing poor work and taking way too long to finish the repair. I have decided to just finish the work myself with the help of my brother in law, who is a carpenter, and I'm wondering how I go about getting that $1,500 in depreciation from my insurance company or if I'm entitled to it since I'm doing the repair.

• Answer:

  You're still entitled to it, AFTER the repairs are done. When they are, you'll need to contact your adjuster, and tell them to either come out, or submit photos.