You are effectively self-insured where the values listed on your policy are less than current replacement costs. Therefore, it is important that you bring your values in line with current replacement costs. A valuation is the most accurate and reliable way of establishing property values. We would ask that you review your policy along with the following recommendations. Your policy documents will outline the cover you already have in place. If you would like to learn more about the following recommendations or to add recommendations of interest that you may not have, please call your Account Manager to discuss your current policy and to learn more.
We suggest you review the insured values currently shown on your policy. This includes but is not limited to your building(s), contents, stock, equipment, and tenants’ improvements. Values should be based on replacement cost with consideration for the cost of demolition & debris removal and application of bylaws.