Sometimes It's What the Policy Doesn't Say That Counts!

ADJUSTING TODAY

...replacement cost provision will not live up to its potential, however, unless all conditions of the policy are met by both the insured and insurer. Good underwriting and well-established values that are kept current are essential.

Just as important, knowing what you can and cannot expect from the policy’s coverage before a loss occurs is critical to helping the insured manage their risk. It’s also extremely valuable during a property loss adjustment in maximizing recovery.

Replacement cost coverage was developed to serve both insureds and insurers. But like all of the provisions in the policy, the degree to which it benefits each depends on how well it is understood and then applied when the insurance is called to deliver!

____________________

Adjusting Today on the Web — www.AdjustingToday.com

View our entire catalog of back issues, download PDF versions, subscribe and contact the editor

“Good underwriting and well-established values that are kept current are essential.”

CORPORATE OFFICE

126 Business Park Drive Utica, New York 13502 800.382.2468 Outside U.S. (315) 797.3035 FAX: (315) 272.2054 Editor@AdjustingToday.com

WEB ADDRESSES

www.AdjustersInternational.com www.AdjustingToday.com

PUBLISHER

Ronald A. Cuccaro, SPPA

EDITOR

Sheila E. Salvatore

ADJUSTING TODAY is published as a public service by Adjusters International, Inc. It is provided for general information and is not intended to replace professional insurance, legal and/or financial advice for specific cases.

AT91-2R 3005

PRINTED ON RECYCLED PAPER

Copyright © 2011 Adjusters International, Inc. Adjusters International ® and the AI logo are registered trademarks of Adjusters International, Inc.

Follow Adjusting Today on Facebook & Twitter:

Facebook.com/AdjustersInternational Twitter.com/AdjustingToday


RkJQdWJsaXNoZXIy NjIxNjMz