Insurance Journal's Academy of Insurance
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This session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.
"Thirty-seven to 60% are wrong by 22% to 60%." No, that is not a description of Las Vegas betting or jury verdicts. Those are percentages quoted in recent studies of property underinsurance. Whatever the accuracy of those numbers, if they are even in the ballpark, they reveal both a major E&O risk and potentially key advantage for agents who can get those numbers right - or at least a lot closer to reality. Whether it be basic errors in determining replacement cost on buildings, overlooked ordinance and law impacts, or simply not keeping up with rapidly shifting price points and makeup of personal property exposures, this session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.
Participants in this webinar will learn: