how long after can i request a check for recoverable depreciation?

In the state of Louisiana, you have six months (180 days) to request a check for recoverable depreciation. Recoverable Depreciation is the difference between the cost to replace or repair property and its value before the damage occurred.

For instance, a fire breaks out in a home and destroys the roof with flames and smoke damage. The house is insured for $250,000 and the cost for total roof replacement runs $40,000. The $40,000 is the Replacement Cost, the first part of the formula up above. The actual cash value of the roof due to it being straight-line depreciated at 3.33% a year is now $13,333. The straight-line depreciation figures were based on a 30-year total lifespan of the roof. For every year that the roof is operable, it depreciates by $1,333.33 or 3.33% of the original $40,000 price tag. The Recoverable Depreciation in this scenario would be $26,667. This is based on the $40,000 (replacement cost of the roof) minus $13,333 (actual cash value of the roof).