When Replacement Cost Doesn’t (Replace)

When Replacement Cost Doesn’t (Replace)

by | Jul 18, 2013 | Underwriting

If you said your policy provided replacement cost coverage for all your stuff, it might not stop conversation at a cocktail party, but it would give you a warm and fuzzy feeling.  After all, it certainly sounds better than actual cash value (ACV).  Let’s check a few...
The Often Neglected Coverage B

The Often Neglected Coverage B

by | May 31, 2013 | Underwriting

Coverage B (Other Structures) is just “out there.” It’s semi-ignored like your annoying second cousin.  Insureds assume everything is covered, and the HO3 policy throws some coverage at them and hopes it will all be OK.  On this subject a little attention could go a...
An “Insured” by any other name . . .

An “Insured” by any other name . . .

by | Apr 22, 2013 | Underwriting

. . . may or may not be just as sweet. I have to sometimes wonder if the people who write insurance policies are just trying to confuse us. I bet they’re sitting back and laughing, “Wait ‘til they try and figure out this one!” Well, today we’re going to figure out...