Tag Archives: Valuation

“Stated value” vs “Agreed Value” – aren’t they the same?

No, they are not. Which one is better? Let’s take a look… Here is the traditional definition of “Stated Value”: “In the event of a total loss we will pay the Stated Value or the Actual Cash Value, whichever is … Continue reading

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Homeowners valuations – are you relying on your companies?

It is interesting to note that the homeowners line of business generates a significant number of E&O claims. In fact, in some years, it has been as high as 1 in every 5 E&O claims. In the vast majority of … Continue reading

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Which valuation # should you pick?

It is amazing that if you pick a homeowners account and run the valuation #s for that one risk for 4 of your companies (that use the same valuation program), you will find yourself with 4 different numbers. It appears that this … Continue reading

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E&O Insights: Insuring Commercial Property – What Could Possibly Go Wrong?

This is an excerpt from an Insurance Journal article that I authored in the October 22, 2012 edition. “It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims … Continue reading

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