Can somebody on here w/ underwriting experience give me a clear explanation on why carriers are so anal about this? Let's use the example that our estimate is 300k dwelling & after inspection they're coming in at 350k. Of course we all know carriers come in WAY high all the time anyway. Spare the total loss & making sure the person is insured correctly as I've been through totals before. This is strictly hypothetical.
1.) If it's insured to 300k, what do they care if it would (in their opinion..) take 350k to rebuild? They're only on the hook for the dwelling coverage listed?
2.) T
Source of insurance-forums.net
1.) If it's insured to 300k, what do they care if it would (in their opinion..) take 350k to rebuild? They're only on the hook for the dwelling coverage listed?
2.) T
Comments
Post a Comment