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Updated about 7 years ago on . Most recent reply

User Stats

45
Posts
20
Votes
Bryan L.
  • Rental Property Investor
  • Brewer, ME
20
Votes |
45
Posts

Worth the fight fight

Bryan L.
  • Rental Property Investor
  • Brewer, ME
Posted

After reviewing our latest renewal it seem our replacement value's have gotten out of line and our insurance company doesn't seem to want to do anything about it.  The built-in 3-4% inflation rate increase really adds up after several years of compounding!  I sent a list to our broker of what I thought needed to be adjusted and it was months before they got a response and then the insurer just kind of moved the values around and the premium came out the same...go figure.

I want to be fully insured and am not looking to save penny's here - it's just frustrating to have similar properties with replacement costs that are hundreds of thousands apart.

Anyway,  is this a fight worth having or am I just wasting my time?

Thanks!

  • Bryan L.
  • Loading replies...