Having the correct amount of casualty insurance covering a
given property can save property owners large amounts of money each year. It is
estimated that 80% of all property owners are either over insured or under
insured. In cases where a property is over insured, claimants are only able to
collect insurance for the actual cash value of the damage, meaning that all
premiums paid for insurance over and above the property value is wasted. When
property is under insured, the premiums are lower than they would be for the
actual value; however, when a loss is experienced it is possible that the
insurance proceeds will fall substantially short of the actual loss. Insurance
Coverage Consultation services can help a property owner avoid losses resulting
from over or under insured properties. This can be especially important where
property owners have large property holdings.
At ELLIOTT®, we offer Insurance Coverage Consultation
throughout the United States. Please call for a no-obligation conference on how
we may help you save money on insurance coverage.