Issue #3006
The Valuation Gap

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”.