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#1
May 13th 2008, 01:14 PM
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Florida Depreciation
It is my understanding that according to FL statute an insurer cannot holdback depreciation to ensure that the damages get repaired. As of Oct. 2005, RCV must be paid on all losses.
My question is; Are we as adjusters allowed to show recoverable and non-recoverable depreciation in our estimates? Or is this a violation of the statute? Also, do they also write ACV policies in FL or are they all RCV? 
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