By maintaining proper insurance to value you can reduce the risk of underinsurance.
While your income property may be
appreciating, that does not mean the construction or rebuilding costs will remain the same.
By failing to reappraise your property’s insurance to value, your insurance policy may NOT include the rising costs of labor and construction materials in the event of a loss.
There are several steps through our art of risk management that you can implement to avoid being underinsured and paying too much. Take the first step today!