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Myths About Insuring to Value

By June 15, 2010
Greg Barratt

In our newsletter articles we aim to answer our clients' questions about insurance-related issues. One issue we regularly get questions about is Insuring to Value (ITV). Essentially, ITV is a risk management strategy that helps ensure business owners match their insurance limits to the cost of rebuilding after a catastrophic loss.

There are a lot of myths about ITV, and we have addressed many of them in our latest Spring/Summer 2010 Business Insurance Report. The topics include:

  • Market value vs. cost to rebuild
  • What happens in a partial loss
  • The co-insurance clause

To read the full article, click here: Myths About Insuring to Value (on the 3rd page).

If you have further questions, please feel free to contact me.

 

About the author

Greg Barratt

Executive Vice President - Business DevelopmentCowan Insurance Group

Greg is the EVP Business Development at Cowan Insurance Group. He is responsible for the management of the sales and business development activities at Cowan with particular emphasis on commercial…

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June 15, 2010
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Greg Barratt

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