For most homeowners, the risk of not insuring the property to its full replacement value is too great. Here are three strategies agents can use to help ensure that coverage reflects real replacement costs independent of the home’s market value.
While Florida insurers have long used catastrophe models to assess portfolio-level catastrophe risk, leading carriers assess catastrophe risk before the policy is underwritten. Incorporating catastrophe modeling into the underwriting process is easier than most assume.
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"summary": "For most homeowners, the risk of not insuring the property to its full replacement value is too great. Here are three strategies agents can use to help ensure that coverage reflects real replacement costs independent of the home’s market value.",
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"uri": "/2011/05/30/catastrophe-risk-management-at-the-point-of-underwriting/",
"title": "Catastrophe Risk Management at the Point of Underwriting",
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"summary": "While Florida insurers have long used catastrophe models to assess portfolio-level catastrophe risk, leading carriers assess catastrophe risk before the policy is underwritten. Incorporating catastrophe modeling into the underwriting process is easier than most assume.",
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