Credit: Urupong/Adobe Stock
For years, it was surprisingly easy for inaccuracies to slip through on insurance applications, often going unnoticed until a claim was filed, at which point the consequences could fall squarely on the insured.
In the landlord insurance space, that might mean saying a roof was replaced more recently than it was, underreporting the number of units in a building, or leaving out a commercial tenant. Sometimes it’s intentional. Often, it’s not. Many property owners just don’t know the exact answers, and insurers haven’t historically asked too many follow-up questions.
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