Personal Lines: Evaluating Insurance to Value

Description

This class provides an in-depth understanding of "replacement cost value" (RCV) as it pertains to residential properties and insurance policies. Participants will learn the methods used by insurers and appraisers to estimate rebuilding expenses accurately, ensuring adequate coverage in the event of a total or partial loss. 
 
Key topics will include how to determine the quality of materials, quality of workmanship and other factors in developing an ITV (Insurance-to-value) for clients. We will discuss real-world examples of how replacement cost coverage works for both the dwelling and personal property and the potential pitfalls of being underinsured.