Insurence Question

Submitted by seanpic on Wed, 04/24/2013 - 19:25

I haven't checked the replacement value of the property in some years, but my friend says the insurance company automatically increases the replacement value each year? Is that right?

Posted: 25 Apr 2013 12:40 Post Subject:

They might on a personal lines policy but business policies (commercial) don't auto renew. You need to sign the agreement each year. It usually does not increase.

Posted: 25 Apr 2013 05:10 Post Subject: Thanks

Thanks for the suggestion.

Add new comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.