A polarimetric model for the power delay spectrum for inroom communication is proposed. The proposed model describes the gradual depolarization of the signal with delay. The model is based on the theory of room electromagnetics, specifically the mirror source approach, which is straightforwardly generalized to the polarimetric case. Compared to the previously known unipolarized room electromagnetic models, which are contained as a special case, the new model holds one additional parameter describing the polarization leakage per wall bounce. The proposed model is fitted to polarimetric mm-wave measurement data.