Property Replacement
‘Coinsurance’ or ‘Average Clause’ Explained and Case Study
Coinsurance Clause or Average Clause An insurance policy for a property owner is accompanied by a detailed and complex contract that will contain clauses, provisions and responsibilities that are assigned to either the policy holder or the insurer. One of these provisions is the coinsurance clause. Coinsurance is quite often misunderstood and it inclusion in…
Read MoreYou Used an Online Calculator That’s Hilarious
If I asked you to use an online BMI calculator to pick the fittest person out of five people, would you be able to accurately pick the fittest? No, because there are so many additional variables that need to be taken into account. It’s the same with property. Online calculators for property replacement costs are…
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