Texas Claims: Deductible or Depreciation?
In Texas, verify covered damage, valuation, deductible and limits in your policy first.
The Texas Department of Insurance illustrates a covered storm requiring replacement of a ten-year-old roof whose replacement costs $10,000 today. With a $2,000 deductible, replacement cost coverage pays $8,000; actual cash value coverage, assuming a $7,000 depreciated value, pays $5,000. You fund $2,000 versus $5,000 respectively. Depreciation reflects age and wear; under actual cash value coverage, that shortfall stays yours.
Most replacement cost insurers initially subtract both depreciation and your deductible from repair estimates after inspection. They reimburse withheld depreciation after receiving the finished repair bill, subject to your policy’s repair deadline. Your deductible remains your share. Ask your agent to confirm that deadline and coverage limits; costs exceeding limits remain yours.
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