A D J U S T I N G T O D A Y CORPORATE OFF ICE 126 Business Park Drive Utica, New York 13502 1.800.382.2468 Outside U.S. (315) 797.3035 FAX: (315) 272.2054 editor@adjustingtoday.com PUBL ISHER Ronald A. Cuccaro, SPPA EDI TOR Sheila E. Salvatore WEB ADDRESSES www.adjustersinternational.com www.adjustingtoday.com ADJUSTING TODAY is published as a public service by Adjusters International, Inc. It is provided for general information and is not intended to replace professional insurance, legal and/or financial advice for specific cases. AT09 3036 PRINTED ON RECYCLED PAPER Copyright © 2009 Adjusters International, Inc. Adjusters International ®, the AI logo and Adjusting Today are registered trademarks of Adjusters International, Inc. All rights reserved. Mr. Malecki is a principal of Malecki Deimling Nielander & Associates, LLC, an insurance and risk management firm. He began his career over 50 years ago and has held the titles of insurance underwriter, broker, insurance company claims consultant, archivist, historian and teacher. Donald S. Malecki, CPCU those insurers will use a similar endorsement or simply insert a statement as to the margin clause percentage is open to question. Here to Stay Chances are very good, however, that with the possible exception of highly protected risks (HPR), many insurers will be incorporating the margin clause into their commercial property policies. This means that the agreed value provision is likely to go the way of carbon typing paper and telephone pay booths. It took a long time for insurance buyers to learn how to capitalize on their insurance coverage through the use of the blanket, agreed amount approach, even though it has been more expensive to purchase than scheduled insurance on a specific value basis. It is probably safe to say that it will also take time for them to undo what they have learned. Time, however, appears to be of the essence, since insurers are not wasting it in applying this policy feature. Adjusting Today on the Web — www.adjustingtoday.com View our entire catalog of back issues; download PDF versons, subscribe and contact the editor
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