Have Tariffs Left Your Clients Underinsured?
Nicholas M. Insua and Richard P. Lewis, partners at law firm Reed Smith, LLP, raise an interesting point in a post published last month: “The bigger issues related to how…
Replacement Cost (RC)
My Client’s Mortgage Lender Wants a Copy of the Replacement Cost Estimator
Question from a Big I NY member: We have been receiving requests from the banks to provide a replacement cost estimator to them for re-finance and new loans. Are you aware of…
Will Making a Claim for Actual Cash Value Help the Insured Avoid a Coinsurance Penalty?
Question: “We have a fire claim on a building, and I know I have a coinsurance problem. The building limit is around 55% of what it should have been. The…
