Property damage

Avoiding Under Insurance - Valuing your Property Avoiding Under Insurance when valuing your home is imperative. Throughout my time as an insurance loss assessor, I have encountered many homes which have been grossly under insured. Often not an intentional money saving scheme, but as a result of not having the tools to calculate correctly. Calculating your insurance premium When insuring your home, your property should be insured for its REBUILD VALUE. Quite often, the property is mistakenly insured for the RESALE VALUE. This in turn leaves the homeowner under insured by up to 50% in some cases. In making an insurance [...]