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

Hello,
Thanks for the suggestion.

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