WA Public Adjuster Practice Questions - Washington Public Adjuster Exam

What is 'depreciation recapture' or 'recoverable depreciation' in a replacement cost policy?

The additional payment the insured receives after completing repairs equal to the depreciation initially withheld The insurer taking back depreciated items A tax benefit for property owners The amount the insured must pay back to the insurer

Correct Answer:

The additional payment the insured receives after completing repairs equal to the depreciation initially withheld

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