What Is Recoverable Depreciation?
Recoverable depreciation is the difference between an item or structure’s original value and its current value. To receive a payout for recoverable depreciation, you’ll need to carry replacement cost value coverage.
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Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
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Experienced personal finance writer
Background working with banks and insurance companies
Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.
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Updated July 12, 2024
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