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This is the estimate of repairs for the damages to your property.The prices used are the prevailing rates in your geographic <br /> location.Please review the estimate with the contractor of your choice. <br /> Recoverable Depreciation <br /> In some estimates,depreciation maybe applied,based on the age and condition of the items requiring repair or replacement.If <br /> the depreciation is listed as"recoverable depreciation"you may be able to collect all or some of the depreciation after the <br /> completion of the repairs and the expense has been incurred.You <br /> will need to forward the final bill/invoice/proof of payment from the repairer.A re-inspection may be required of completed <br /> repairs.If you elect to complete the repairs yourself,the pricing we be recalculated <br /> to reflect homeowner pricing instead of contractor pricing,which will change the amount of recoverable depreciation available. <br /> Contents Depreciation <br /> The infonnation provided in the Personal Property Inventory has been obtained and used with permission <br /> of the Joint Military Industry Depreciation Guide(JMIDG). The life expectancy values found in this report and in the pricing <br /> information are intended to be averages.This means that normal wear and tear is anticipated,as well as proper maintenance of <br /> the item. The depreciation percentages are based upon the ages submitted by the insured. If no age was submitted,the pricing <br /> will not be estimated on the <br /> item. Homesite uses a maximum depreciation percentage of 75%,regardless of the age or condition of the item. The <br /> Depreciation Guide published by the JMIDG can be viewed and downloaded at <br /> http://www.fss.gsa.gov/fsstt/archives/dtos/dsec 12.htm. <br /> Payment <br /> Payment of this claim has been made as outlined on the last page of this estimate.The check(s)will be <br /> mailed under separate cover in approximately 5-10 days.A letter regarding the replacement cost benefits and how to recover <br /> them will also follow under separate cover. <br /> Supplements <br /> Should you elect to make any changes or upgrades to your property,you will be responsible for any <br /> additional expenses as a result of these changes or upgrades.No suppiement�vill be considered without prior approval. <br /> Flooring <br /> If your claim invoives the replacement of flooring(carpet,vinyl,wood,ceramic)we reserve the right to <br /> send a sample to an independent third party for analysis of the existing flooring and recommend a like kind&quality <br /> replacement. If you receive flooring estimates tiiglier tl�an allowed in tliis estimate please retain a 12"x12"sampte to allow <br /> us the opportunity to liave the flooring evaluated. <br /> Mortgage <br /> If there is a mortgage on the property,the mortgage company may be listed on any claim payments made,as required by the <br /> policy.If the mortgage company is listed on your payment,you will need to contact <br /> them to inquire as to their procedures in processing insurance claim payments. <br /> This is an estimate of the damage observed.This estimate neither expresses nor implies coverage for this loss. <br /> JESSE_DAHLSTROM 6/22/2015 Page:2 <br />