The Valuation Gap: Obstacle or Opportunity?
Following a disaster property owners often discover that:
- Their property coverages are less than the cost to replace the property.
- Estimates used when purchasing business income insurance are different from what the actual loss appears to be.
- Their extra-expense coverage is not adequate to cover the extraordinary costs incurred.
Luckily, There are a number of things brokers can do to help their clients avoid the “valuation gap”.