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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.

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.