Sections A through E of this Endorsement are hereby amended to conform to Sections A through E. Hail and wind can damage home sidings, leading to expensive repair costs. important — complete page 1 and page 2 before sending endorsement to the nfip. The condition of the property at the time of the loss is the basis for determining the amount of physical depreciation. For example, an HO-3 policy may have an overall personal property coverage limit of $50,000, but a $1,500 sub-limit for theft of jewelry. Alaska Landlords Package Policy contract. • NC 03 38 06 21 Delivery. policy (except for HO-4) includes the following six coverages. "GOLD STAR HOMEOWNERS AMENDATORY ENDORSEMENT This endorsement modifies such insurance as is afforded by this policy and replaces any Gold Star Homeowners Amendatory Endorsement previously a part of this policy. TEXAS AMENDATORY ENDORSEMENT This endorsement applies only to the insurance provided by the policy because Texas is shown in Item 3. Your home insurance policy is a legal contract of the promise that an insurance company gives you for a specified period of time (usually one-year) to pay for those losses outlined in your policy provided that you pay premiums to that insurance company. gl0686 aais 01. Agency Gateway 2 is a secure portal for Allstate agents and employees to access various tools and resources for their business. G. WHO7555 Horse Boarding Operations View WHO7555 HO 0455 Identity Fraud Expense Coverage. OPCF 43 is an enhancement that can be added to your Ontario car insurance. Schedule: $1,600 to $12,000. Section 11:3-36. Please read this new Amendatory Endorsement and keep it with your other policy forms. I. Depending on the policyholder, the endorsement limits coverage to a maximum of $100,000 per occurrence, providing peace of mind to families that their financial health will not be severely impaired. Allstate gives you $22,000. Based on legal requirements, you may still receive some documents in the mail as well as online. Appraisal. This is a private computer facility. 19 amendatory endorsement - rhode island ri dp1038 aais 05. A process by which an insurance carrier and a homeowner arrive at an agreed value for a loss covered by a homeowners insurance policy. This Endorsement Changes Your Policy Keep It With Your Policy Deluxe and Deluxe Plus Homeowners Amendatory Endorsement AP1290 This endorsement amends your Deluxe and Deluxe Plus Homeowners Policy and is in addition to all other 2. You'll receive a new Declarations every renewal period, which is usually every year. Several quick and convenient ways to get in touch with Allstate. The following endorsement changes your policy. D. ACTUAL CASH VALUE. You can search for a specific policy form that has been approved by the In the estimate Perry received, Allstate subtracted depreciation of $4,570. As used in this endorsement, "Contract" means the Contract or Certificate to which this endorsement is attached. is amended as follows: 1. What you'll need to get a car insurance quote. A car insurance endorsement — or rider — is a modification or addition to your insurance policy that alters your coverage to more specifically meet your needs. 18 amendatory endorsement - rhode island ri gl0688 aais 09. That’s why you can choose from a number of optional add-ons and special features, including:. That’s what Gap Insurance is for. As an informational resource for consumers, the Oklahoma Insurance Department offers on this Web page, downloadable copies of private passenger automobile insurance policy forms and mandatory amendatory endorsements offered by the 10 largest insurance groups. TDP-004A Dwelling Amendatory. 3. Limp Home Mode The limp home mode helps protect your transmission if damage is detected. I. Allstate and State Farm, in addition to the most common. Subject to terms, conditions, limitations and. TEXAS PERSONAL AUTOMOBILE POLICY -- AMENDATORY ENDORSEMENT INCIDENTAL BUSINESS USE In consideration of the premium received for this endorsement, your Texas Personal Automobile Policy is modified in accordance with this Endorsement. The perils covered by an HO-7 may be different than those covered by a standard HO-2. I understand that the detached garage building damage will be limited to 10% of the building coverage, but what about the detached garage contents. The $500. This endorsement modifies insurance provided under the following:. However, homeowners insurance generally does not cover damage. Read your policy or contact your insurance provider to learn. Business day , when used in this endorsement, means a day other than Saturday, Sunday, or a. As used in this endorsement, "Contract" means the Contract or Certificate to which this endorsement is attached. The table also provides links to companies’ underwriting guidelines and. Amendatory Endorsement - AP4970 Throughout the policy, when determining the actual cash value of the loss, the costs. BP 15 30-Cannabis Property Exclusion. OPCF 43 Explained. Take a defensive driving course. The General section of your policy is amended as follows: A. One of the following endorsements will always be attached to a Hawaii policy. The policy’s “Building Structure Reimbursement Extended Limits” Endorsement (the “BSREL Endorsement”) said this additional payment would not exceed “150% of the limit of liability. Complete columns quantity, age, condition and notes, if applicable for each item. W. m. An insurance endorsement may change your policy so that it better fits your needs. See moreA homeowners insurance policy with actual cash value coverage typically determines value by taking the cost to replace your personal belongings and reducing that amount due to. is changed to read: Insured. Renters Amendatory Endorsement – AP1294 This endorsement amends your Renters Policy and is in addition to all other amendatory endorsements which apply to this. AMENDATORY ENDORSEMENT -TEXAS . 1. The Company name is deleted and replaced with: Allstate Life Insurance Company. Generally, a home business endorsement costs an additional $25 annually to increase your coverage limits to $5,000. It’s a bold declaration of our confidence in how we care for and assist customers and put them in Good Hands. 04 amendatory endorsement - california ca pu0804 aais 10. JUSTICE LEHRMANN delivered the opinion of the Court. Exclusion 16. is added to read as. These changes are to become effective in accordance with the following Rule of Application: These changes are. Please read it carefully and keep it with your policy. 19 amendatory endorsement - louisiana laTWIA 810 Specified Building or Structure Exclusion Endorsement Available for new business policies effective on or after April 18, 2022 and for renewal policies effective 90 days later. 24% . 21 amendatory endorsement - pennsylvania pa dp0838 aais 05. Special Limits of Liability. policy. AP546-1 * Depreciation Amendatory Endorsement - AP4973 * Louisiana Amendatory Endorsement - AP65-2 010070 017 2103245300049. You may want to consider purchasing other types of insurance policies to help protect you and your condo. Box 11904, Roanoke, VA24022-9933; or by other means made available by us for the express purpose of receiving notices of dissatisfaction pursuant to this endorsement. Types of coverage in Ohio. ”. The case is called Perry et al. On top of the high deductibles, Allstate has added the Roof Services Extended Coverage. Waiver of Depreciation: If your new vehicle (less than 36 months old) is damaged in an accident, no depreciation. 1. Home insurance can vary from state to state. However, for this coverage to apply, “you” must ask “us” in writing to insure it within: (1) 14 days after “you” become the owner if the Declarations indicate that CollisionGreen had a homeowner's insurance policy with defendant Allstate Insurance Company (“Defendant” or “Allstate”). For instance, if a part is damaged in an accident but is still fully functional, the insurance company may pay the person making the claim money to keep. the actual cash value of the incurred property damage. O. Farmers Insurance Company Inc. 56-5270: Special Form Home Owners’ Package Policy. Umbrella insurance provides liability coverage above the limits of your condo insurance policy. This coverage provides additional — but limited — coverage for mold remediation as part of your homeowners policy. c. GENERAL SECTION B. is added as personal property items not covered. at 14. Under Loss Conditions, C. AU14130-1: Nevada Amendatory Endorsement; AP4878-1: Claim Satisfaction Guarantee Amendatory Endorsement; Form AU14405 above also applies. Scheduled personal property. This mandatory endorsement must be attached to all Texas policies. UnderCoverageX FamilyLiability Protection and CoverageY GuestMedical Protection,"insured person"also means: c) an yp ers o giz t lBased on this definition, recoverable depreciation is the portion of the depreciated amount that you can get back or "recover" from your insurance company when you make a claim on a policy with replacement cost coverage. The following endorsement changes your policy. Protects the structure of your house, such as the roof and walls. Proud partner of Canadian soccer, at every level. roof depreciation schedule: actual cash value roof endorsement: allstate depreciation recovery: allstate homeowners: allstate poe: how to dispute a homeowners insurance claim: roof replacement insurance deductible: do i have to pay a deductible for hail damage: do i have to pay a deductible for hail damage to my roof: does insurance pay for. 23 iii. Maine Amendatory Endorsement: Specific Uninsured Motorist Coverage Form: Progressive Group; Progressive Casualty Insurance Company: 9611A_ME_(09/16)- PDF:. Subject to terms,. change in value of damaged property directly due to the loss; c. Screen: Collision coverage payment, $20K depreciated value, $25K sales price, new car replacement coverage. If you need to mail us documents related to billing or claims, visit our billing & payments. However, definitions added in this endorsement do not appear in bold print in yourpolicy. 56-5019: Landlords Protector Package Policy. 51) - Allstate concluded that the "actual cash value" of the claim ($2,446. In all coverage forms, Actual Cash Value, if applicable, is amended to include the following:. I called my agent. Allstate Identity Protection. Options include: Personal umbrella policy. Governmental Bodies Amendatory Endorsement CA 99 15. ” Please be sure to refer to the FAQs for additional information and remove references to the Claim Satisfaction Guarantee from your sales and service talk paths and customer communications. (Doc. I. SECTION 1, COVERAGE B-Unscheduled Personal Property (Household Goods) 1. If an insurer will use a previously approved Washington amendatory endorsement with a new form, the filer must: (1) Provide a copy of the amendatory endorsement attached as supporting documentation; or. The persons that sued are called the "Plaintiffs," and the companies they sued are called the "Defendants. An amendatory endorsement is language added to your insurance policy that changes the specifics of your coverage. Here are a few ways you could save as a home owner. Personal property coverage. Loss Assessment is deleted in its entirety. New forms are constantly added. m. Rather, this lawsuit only concerns claims for which affirmatively chose to depreciate future repair AllstateA homeowners insurance policy endorsement expands on the standard homeowners coverage by adding to or modifying the insurance policy. , 457 N. The purpose of these amendments is to expand eligibility for personal auto coverage to certain utility vehicles that are currently ineligible because of their gross vehicle weight (G. 56-5274: Protector Plus Home Owners’ Package Policy. Insurance companies typically calculate depreciation on a roof using a combination of factors. your. A. 56-5273: Broad Form Renters Package Policy. It may also pose a health risk to you and your family. Correction - Amendatory Endorsements - North Carolina . 060,. ) is deleted. $0. Actual cash value means the cost to repair or replace lost or damaged covered property with new property of similar quality and features reduced by the amount of. and must be attached to the corresponding base policy form. Request a free renters insurance quote today and protect your belongings. This page states who is insured and the time period the policy provides coverage. ADDITIONAL LIVING EXPENSE Your additional living expense is the difference between your normal cost of living and the amount it will cost to maintain that same lifestyle. Form Number Title; NC 00 01 06 05: Personal Auto Policy: NC 00 12 06 21: Amendatory Endorsement: NC 00 13 06 21: Amendatory Endorsement: NC 03 01 07 87: Federal Employees Using Autos In Government Business: NC 03 02 01 99:. 00:29 — 00:28 VO: You're in good hands with Allstate. G. This endorsement is used to identify when there is a separate deductible. The depreciation deduction may include such con-siderations as: a. The General section is amended as follows: A. The year, make and model of your vehicle. 11 amendatory endorsement - colorado co um0706 aais 01. and b. ILLINOIS AMENDATORY ENDORSEMENT (FORM IL1010/1008) THIS AMENDMENT CHANGES YOUR POLICY. The coverage broadening endorsement—Broadened Home-Sharing Host Activities Coverage Endorsement—may be used to add coverage back; however, for. ho-170, and amendments to the texas personal lines manual rules to modify coverage for mold and other fungi; and amendments to the texas statistical plan for residential risks the commissioner of insurance adopts: (1) new amendatory. , those forms and endorsements expressly permitting the “depreciation” of “labor” within the text of the policy form policyholders who received one or more ACV Payments for a claim that exhausted the applicable limits of insurance;Policy Forms Used by the 10 Largest Auto Insurance Groups in Oklahoma. The last sentence in the policy is deleted and replaced by the following: In witness whereof, we caused this. Otherwise,thepolicy canbe changed only by endorsement. Allstate earned 88 out of 100 for their overall customer service, based on MoneyGeek’s internal rankings. The definitions added in this endorsement are in bold print. In the General section of the policy, the following changes are made: A. Dixie Enyart’s policy with Progressive contains a Minnesota Amendatory Endorsement, Part I of which states, with respect to “Liability to Others”:. WARREN CA2021-10-094 CA2021-10-098 - 3 - {¶5} Section II provides certain exclusions for Coverage X, and indicates that Allstate will "not cover any bodily injury * * * intended by, or which may reasonably be expected to result from the intentional or criminal acts or omissions of, any insured person. This endorsement does not include liability coverage. 00 deductible. The following new endorsements have been introduced for use in North Carolina: • NC 03 33 06 21 Trust Endorsement - This endorsement provides coverage for vehicles held in trust. Inflation Guard – As inflation increases the cost of rebuilding your home, your standard policy limits can become insufficient. e. Once you provide proof that you replaced the items damaged in the loss, the Company will pay the difference between ACV and Replacement Cost - the depreciation. l. Deluxe Mobilehome Policy contract. State Farm: Cost and Discounts. comA (Allstate Amendatory Endorsement – AP 4972) (emphasis added). 1000 Washington Street, Suite 810, Boston, MA 02118. The. BUILDING STRUCTURE REIMBURSEMENT EXTENDED LIMITS ENDORSEMENT. Trujillo's answer admitted Allstate attached a copy of the policy in effect from September 28, 2004, through March 28, 2005. They contain important information such as additional coverage extensions, increased limits, and also limitations and exclusions that may apply to a loss. 51) - Allstate concluded that the "actual cash value" of the claim ($2,446. The program was launched in Oklahoma in October. “Actual Cash Value”, is amended such that the last paragraph is deleted and replaced by the following: In determining depreciation, “we” will consider wear and tear, deterioration,Household exclusion amendatory endorsement; Automobile Club Inter-Insurance Exchange (5. Adding item l. These amendatory endorsements are . PLEASE READ IT CAREFULLY. BP 15 31- Cannabis Property Exclusion. on To be attached to and form part of Policy Number: Issued to: By: PENNSYLVANIA AMENDATORY ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. Additional Definition. State Farm. 19 amendatory endorsement - rhode island ri dp1038 aais 05. An endorsement is part of your insurance policy, and it will remain in effect typically as long as your policy is in force, according to the National Association of Insurance. 00 and send in the receipt you would be able to get the $180. Learn about all Allstate has to offer. How much it costs. Renters Amendatory Endorsement – AP1294 This endorsement amends your Renters Policy and is in addition to all other amendatory endorsements which apply to this policy. In Section I—Your Property, under Losses We Do NotLeif Olson, Car Insurance Writer. D. Evidence of the reasonableness of the costs and that the materials are of like kind and quality shall also be included with the appraisal. "Extended Protection Amendatory Endorsement. please submit total amount due and all required certifications with the nfip copy of this endorsement. Talk to an agent to learn more. 00 amendatory endorsement - connecticut ct pu0806 aais 10. AU10613: Allstate Property and Casualty Insurance Company Auto Policy AP4878-1: Claim Satisfaction Guarantee. Depreciation. What is Georgia amendatory endorsement?Explore Allstate. The NC 00 02 – – Personal Auto Policy is a physical damage only policy. It removes your insurance company’s right to deduct depreciation from the value of your vehicle for loss or theft claim. 79% . Homeowners insurance may cover a roof leak if it is caused by a covered peril. Loss assessment coverage can help prevent a condo owner from paying out of pocket if their condo association issues a special assessment for expenses related to an insurance claim outside the walls of their unit. HOMEOWNERS 3 – SPECIAL FORM - III. These amendatory endorsements are . In life and health insurance, an endorsement is referred to as a rider. For instance, if you intentionally start a fire in your home, you'll generally find homeowners insurance will not pay to repair the damage. HO-3 Special FormMobile home form: HO-7. your . You agree tocooperate with usin determining ifthis information. Box 11904, Roanoke, VA24022-9933; or by other means made available by us for the express purpose of receiving notices of dissatisfaction pursuant to this endorsement. This address doesn’t receive mail. If this says NOT PURCHASED, your roof is subject to a scheduled depreciation at the time of replacement . Endorsement DP 04 71 12 02 may be used to purchase an increased amount of coverage under forms DP 00 02 and DP 00 03. The persons that sued are called the “Plaintiffs,” and the companies they sued are called the “Defendants. S. Instead, it provides Allstate immunity for future bad behavior after a claimant has successfully complained. 21 amendatory endorsement - pennsylvania pa dp0838 aais 05. Please read this document carefully and keep it with your policy. Wells Fargo Bank (“Wells Fargo”) is listed as the mortgagee under the policy. The. Mold damage can cost between $15,000 and $30,000 to remediate, so insurance companies have enacted several measures to reduce their risk. By Allstate. d), "rust or other corrosion, mold,wet or dry rot",isreplaced by:Declaratory Judgment Actions –Texas. mandatory. * Deluxe Homeowners Policy - AP3339 * Building Structure Reimbursement Extended Limits Endorsement - AP357 « Amendatory Endorsement - AP4577 * Amendatory Endorsement - AU14148 * Louisiana Standard Fire Policy Provisions - AP4443-1 * Hurricane Deductible Endorsement - AP546-1 * Depreciation Amendatory Endorsement - AP4973 * Louisiana Amendatory. ~ Claim Satisfaction Guarantee Amendatory Endorsement-~ South Carolina Amendatory Endorsement-AU AP4878-1 ~ Amendatory Endorsement-AP48384 setogether. [Statutory Authority: RCW 48. Effective January 1, 2002. 5. Loss assessment coverage is often an optional protection that can be added to a unit owner's. The Company name is deleted and replaced with: Allstate Life Insurance Company. , CIVIL ACTION NO. Asset. Allstate Prop. State Farm Fire and Casualty Company Farmers Insurance Group – 2018 Marketplace Share: 14. 2d 175, 179 (Minn. v. The personal property replacement cost endorsement provides coverage for the cost of repair or replacement without a depreciation reduction. By Allstate. endorsement, adoption, informational, withdrawal. at 1-800-ALLSTATE (1-800-255-7828) Œ para espaæol, Ilamar al 1-800-979-4285 Œ with questions about your coverage, or to update your coverages, limits, or deductibles. A F T E R YO U R C L A I MThe following endorsement changes your policy. CLAIM NUMBER The claim number assigned to your loss B. Unless you are specifically authorized, your continued access and further inquiry will expose you to prosecution to the fullest extent of federal, state and local laws. Other terms, conditions and exclusions may apply. Get your documents electronically, including billing notices, policy documents and auto insurance card (s). State Farm Gang – 2018 Market Share: 19. That’s why you have the option to add additional coverage for your jewelry, yard and garden, sports equipment, musical instruments and more. At that point, you may be better off just building a less expensive home. PREMIUM FULLY EARNEDThe United States District Court for the Northern District of Ohio is overseeing this class action. the full cost of repair or replacement of loss without deduction for depreciation. Allstate Rewards. 3A. Check with your insurer to find out how much it would cost to add this rider to your policy. Except as amended in this. Endorsement in full. Under the payment provisions of the policy and an amendatory endorsement, if the insured does not repair or replace the damaged property, a. If you’re unsure of your agent’s phone number, visit allstate. All current policies include the verbiage, “This endorsement will not apply to your policy for any policy periods effective June 1, 2023 or after. For full functionality of this site it is necessary to enable JavaScript. The insurance company sends you two amendatory endorsements, one for the move and one for the chain. Except as amended in this. You’d have to pay the rest of the cost of the new roof yourself. Savings for having a good payment history like paying on time and payment type (in-full, escrow, etc. What are insurance limits? Looking for tools and resources about insurance? Visit Allstate Resources for articles, information, videos and calculators. When you add the home daycare endorsement, the $2,500 coverage on most business-related equipment. In the case of Aguiar v. LIABILITY COVERAGE. Covers the cost of purchasing new belongings of the same kind and quality at the time of the claim. your. policy. The policy expressly refers to including amendatory endorsement form AU10635–3, which is the amendatory endorsement at issue in this case. adoption of amendatory mandatory endorsements, mandatory offer endorsements, an amendment to endorsement no. Insurance & more. As used in this endorsement, "Contract" means the Contract or Certificate to which this endorsement is attached. um0409 aais 08. (. You may be able to supplement some of those coverages with an extended protection amendatory endorsement, to help boost your coverage limits. rebuild, or replace the lost, damaged, or destroyed property less a fair and reasonable deduction for physical depreciation; or . above; –. Save up to 10% if you're over 55 and retired. Amendatory Endorsement for Waiver of Charges As used in this endorsement, "Contract" means the Contract or Certificate to which this endorsement is attached. 56-5270: Special Form Home Owners’ Package Policy. Trujillo's answer admitted Allstate attached a copy of the policy in effect from September 28, 2004, through March 28, 2005. Allstate Ins. Effective date of this endorsement: 12:01 a. In most cases, home childcare coverage also extends to personal property related to the business, such as playground equipment. f. Policies. Typically, insurance policies state a maximum limit of between $1,000 and $10,000 for. e. Homeowners insurance endorsements allow you to customize your coverage based on your needs. 48) minus depreciation ($2,594. Allstate. A typical mold endorsement covers damages up to $2,500, covering: Cost of removing fungi/microbes. Who Is Insured is amended to read: You are insured if you are an employer named in Item 1 of the Information Page. Basically with them, if your roof is more than 15 years old it goes on the ACV roof schedule. Company: Allstate Property and Casualty Insurance Company – Legacy Only. Thecoverage providedand thepremiumforthe policyisbasedon information youhave given us. with a maximum attainable speed of more than 15 miles per hour; b. The following new endorsements have been introduced for use in North Carolina: • NC 03 33 06 21 Trust Endorsement - This endorsement provides coverage for vehicles held in trust. An adjustment for depreciation andThe revised endorsements amend Part E – Duties After An Accident Or Loss – Filing A Claim and Part F – General Provisions. Allstate scored 889 out of 1,000 for their claims process, compared to the industry average of 873 out of 1,000. BUILDING STRUCTURE REIMBURSEMENT EXTENDED LIMITS ENDORSEMENT. It typically pays medical bills, surgical costs, dental procedures, ambulance fees, and other associated costs. It helps protect the personal property and physical structure of the home. 00:15 — 00:21 VO: If your new car is totaled, most auto insurance will only cover you for the depreciated value of the car. Last updated: March 2020. Return the completed form to State Farm via e-mail at HOME CLMS-FIRECLAIMS with your claim number as the subject. If that employer is a partnership Here's what's typically covered by a House & Home policy in Georgia. DAMAGE LOCATION The area that has been damaged, includes size of area when appropriate C. Protecting. Box 11904, Roanoke, VA 24022-9933; or by other means made available by us for the express purpose of receiving notices of dissatisfaction pursuant to this endorsement. The Cancellation provision is replaced by the following: Cancellation Your Right to Cancel:1 A state amendatory typically is an endorsement that conforms the policy to minimum requirements set forth in state law. Who Is Insured is amended to read: You are insured if you are an employer named in Item 1 of the Information Page. depreciation; or 2) the "limit" applicable to that property at the time of the loss; whichever is less. Homeowners. If you have a larger home business, you may need an in-home business. of the definition of . View HO 0435 HO 0435 Homeowners Loss Assessment Add'l $3,500 HO 0435 Homeowners Loss Assessment Add'l $8,500. S. The contract was updated with a new price (looks like they took off about $50k from the. HW A5 00 11 09: Homeowners 5 – Comprehensive Form Amendatory Endorsement Forms HO 04 27 09 05, HO 24 82 04 02, HO 24 96 10 00, HW 09 15 10 04, and IL N 001 09 03 above also apply. Under Loss Conditions, C. This Endorsement is attached to and forms a part of Policy Number: <Policy Number> <Insurer> Referred to in this endorsement as either the “Insurer” or the “Unde rwriters” OHIO AMENDATORY ENDORSEMENT TO POLICY TERMS AND CONDITIONS . Power's latest claims satisfaction survey. • Pennsylvania Amendatory Endorsement form AVP354. The higher your. Brasher's $2,500. amendatory endorsement this endorsement changes your policy - please read it carefully fmho 2493 08 11 liberty mutual insurance group page 1 of 2 this endorsement supersedes all other endorsements which have been made part of your policy and reference these same provisions section i - property coverages coverage a - dwelling item 1. Please read it carefully and keep it with . Endorsement No. When uninsured and underinsured motorists bodily injury coverage is stacked, your selected limit is multiplied by the number of cars. A typical mobile home insurance policy is an HO-7 form. Home office address is deleted and replaced with: 3100 Sanders Road, Northbrook, IL 60062. 48) minus depreciation ($2,594. . Item 2. Standard Mobilehome Policy contract. 9(f) states, in pertinent part, “[w]hen the amount claimed is adjusted for betterment, depreciation or salvage, all justification for the adjustment shall be contained in the claim file . Depreciation is a decrease in value because of wear and age.