The insurance-to-value questions and concerns of underinsurance come up every time an insurance agent selling property insurance makes an application or oversees a renewal of a property insurance policy. Bill Wilson is an experienced insurance agent and insurance agent educator. When he talks insurance, those of us in the insurance business should listen.
Continue Reading The Underinsurance Gap: Who Is Truly in a Better Situation To Determine the Full Amount of Property Insurance Required on a Structure?

The above photo of lumber visually depicts the significant increased price of basic construction material costs that is driving many property insurance claim disputes as policyholders with various losses from wildfires, hurricanes, and frozen pipes try to get their claims settled. The insurance industry is relying upon quickly outdated and erroneous Xactimate pricing.
Continue Reading Increased Pricing of Construction Creating Property Insurance Claim and Underwriting Issues —Watch Tuesday @ 2 With Chip Merlin for More Details

Many policyholders are not aware of how a coinsurance clause applies, or that it even exists, until after a loss occurs. This is an unwelcome lesson for those who those who unknowingly risked a portion of their expected insurance proceeds. Whether you have a homeowners policy,1 a commercial package policy,2 or a business owners policy,3 this is a reminder to pull it out of your drawer or ask your agent or broker about the coinsurance clause in your policy and how it applies to property damage.4
Continue Reading Coinsurance – A Reminder to Check if You Are Insured to Value