What is recoverable depreciation and when do I get that check?

Recoverable depreciation is the portion of your claim withheld by your insurance company until the job is finished — usually 20–40% of your total claim amount. It’s essentially the carrier’s way of ensuring the work actually gets completed. Once the project is done and documented, that money is yours.

Here’s where Faraday makes it effortless: as soon as your project is completed, our office sends your carrier all required proof-of-completion documents — final invoices, photos, and certification that the scope of work matches their estimate. We then follow up directly with your adjuster to release your depreciation check quickly.

Most homeowners don’t realize that carriers can take weeks or even months if no one pushes the file along. Faraday tracks every claim in-house and ensures your depreciation funds are released promptly so you’re not left waiting.

In short: the sooner we finish your project, the sooner you get paid in full — and we handle all the paperwork to make sure that happens. With Faraday, your claim doesn’t stall out; it closes cleanly, completely, and with every penny recovered.