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Who knows. The company abolutely refuses to explain, or define. Personally I think it just another made up word to justify illegal activity.

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13y ago

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Is depreciation on carpet pad recoverable or non-recoverable for insurance claim purposes?

Recoverable altho you were foolish not to have "replacement cost". Then you are covered at 100%


Is there non recoverable coal?

Yes, there is non-recoverable coal. When coal resources are inaccessible or too deep to economically mine, or when they are in areas that are off-limits for mining due to environmental or other restrictions, this coal is considered non-recoverable.


Can you do a supplement claim if what the insurance gave was not enough after they took out non recoverable depreciation?

The non-recoverable portion of a claim is that part of the claim the insurer will not pay because it is not covered under your insurance policy. There would be no point in filing a claim on that which is not insured.


What is non-recoverable depreciation?

Non-Recoverable depreciation is depreciation that is not recoverable, that is the obvious answer. In most states a standard Replacement Cost Policy will pay an insured for the replacement cost minus deprecation. As long as you replace the item within a specified amount of time which is typically anywhere from 90 days to a year, you will be able to recover the amount that was depreciated. In a Actual Cash Value type policy this depreciation is NOT recoverable. It is very important to know what type of policy you have before you need it!


What is non recoverable depreciation?

It is the depreciation amount that is not covered by the policy. Polices that are based on ACV (Actual Value), rather than RC (Replacement Cost) do not cover value lost due to depreciation.


What does non recoverable draw mean?

A non-recoverable draw is a draw against future commissions that doesn't have to be paid back to the employer. A draw against commission works like this: Say I work for ABC company, they offer me $2000 per month draw. I go three months till I get my first sale of $8000, so the company would pay me the regular $2000 draw, they would "recover" the $6000 already made, and pay me the additional $2000. With that said, a "non-recoverable draw" unlike a "recoverable draw" means if you go a year without a sale you don't need to pay back the $24,000 you've been paid.


What does non-recoverable draw mean?

A non-recoverable draw is a draw against future commissions that doesn't have to be paid back to the employer. A draw against commission works like this: Say I work for ABC company, they offer me $2000 per month draw. I go three months till I get my first sale of $8000, so the company would pay me the regular $2000 draw, they would "recover" the $6000 already made, and pay me the additional $2000. With that said, a "non-recoverable draw" unlike a "recoverable draw" means if you go a year without a sale you don't need to pay back the $24,000 you've been paid.


What are some non examples of omnivores?

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The examples are tire ,ballon ,and beachball and the non-examples are shoe,chair,and bed


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What are non-examples of capital resources?

What are non-examples of Capital Resources


What are two examples of non integers?

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