In November, my rental property had water damage due to freezing pipes. After an insurance adjuster filed his report, I received a claim reimbursement for damages of $9340.00, after the deductible of $1798.00 and depreciation of $2784.32 was subtracted. I also received $6350.07 for the cost of the Water Mitigation.
Since the water damage occurred at the end of the year, and the reimbursement check was received just before Christmas, the repairs were initiated and completed the following year.
I have no idea how or where to report this.
Please help.
