by seanpic » Wed Apr 24, 2013 07:25 pm
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: Thu Apr 25, 2013 12:40 am 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: Thu Apr 25, 2013 05:10 pm Post Subject: Thanks
Hello,
Thanks for the suggestion.
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