Issue #3028
How to Make the Most of an Underinsured Loss

How to Make the Most of an Underinsured Loss

After suffering devastating property damage, perhaps the most unwelcome news for policyholders is learning that they do not have enough insurance.

While it is best to head off an underinsurance situation through proper analysis of coverage needs ahead of time, after a loss occurs there are still many avenues available to policyholders to maximize their financial recovery and minimize their underinsured losses. Ten important avenues that can be explored by any property owner faced with an underinsured property loss are outlined in this ten-step plan.