An adjusters written estimate for an insurance claim on a roof is estimated to be $11,000 to replace what was damaged. This is called the Replacement Cost Value or (RCV).

The Homeowner / Insured has an insurance deductible of $1,500 plus the Insurance company withheld $2,500 in Recoverable Depreciation.

Recoverable Depreciation is money that will be paid back to the insured only when ALL the repairs are completed and the total cost of replacement is at least the full RCV amount or $11,000.
This means the insurance company