Coinsurance Obligations

Coinsurance Obligations

We know the damage the real estate market nose dive has done to property values, but just because a home’s value has declined doesn’t mean it will cost any less to rebuild. That important distinction is why it is imperative for an insured to maintain coverage for the total rebuild value of a home, rather than its market value. Failing to do so can mean trouble for brokers, agents, and clients alike.