Is there a time limit to claim recoverable depreciation?
Short answer. Yes. Most replacement cost policies set a time limit, and many standard forms require you to notify the insurer within 180 days of the loss that you intend to repair or replace, while some carriers give a longer set period to complete the work. The exact limit is in your policy's loss settlement section, and insurers may grant extensions if you ask in writing before it runs out.
Where to find your limit
- The loss settlement condition in Section I of your policy
- Your claim acknowledgment or payment letter, which often states the deadline
- Any state amendatory endorsement attached to the policy
Two different deadlines
- Notice of intent: telling the insurer you plan to repair or replace. Do this in writing as early as possible.
- Completion: finishing the work and submitting proof. Some policies tie this to a period after the loss or after the first payment.
Separately, your policy may limit how long you have to sue over a claim. That deadline is about disputes, not depreciation, but it can run at the same time.
If you are running short on time
- Email the adjuster explaining the delay, such as a contractor backlog after a large Georgia hailstorm or permit timing.
- Ask for a written extension with a new date.
- Keep proof of your contract signing date and your install schedule.
If you miss it
The insurer may close the claim at actual cash value. Reopening is not guaranteed, so treat the deadline as firm.
Related: Georgia roof claim deadlines, the Georgia roof claim timeline, and recoverable depreciation on a roof.