Penalizes underinsurance by reducing claim payments if the property isn't insured to a required percentage of its replacement value

Estimated loss refers to the potential financial impact if a loss occurs and the property is subject to coinsurance penalties. Coinsurance requires you to insure your property to a specified percentage of its replacement value, typically 80% or 90%. Failure to do so can result in penalties being applied by the insurer during a claim. We've based our estimate on potential penalties from underinsurance. 

Standard property insurance policies often include coinsurance clauses, which can penalize policyholders who fail to insure their property to the replacement value. In the event of a loss, this can lead to reduced claim payments, leaving you responsible for a portion of the repair or replacement costs. 

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USI works with carrier partners to modify or eliminate the coinsurance clause in your property policy. By doing so, we help ensure that you receive full claim payments without penalties due to underinsurance, providing greater financial protection. 

Typically, no. Because of USI's expertise in risk management and strong relationships with insurers, we're often able to provide you with highly tailored insurance solutions with increased coverage at no additional cost.

No. These recommendations are a preliminary hypothesis based on what we know about you. Once we're your broker,   USI will determine what data we need to perform a comprehensive analysis of your property coverage needs.

Every property is different, and the level of risk depends on factors such as operational hazards, natural catastrophe exposures, and physical protection in place. We analyze the specific risk factors of your property and recommend enhancements based on those findings. Rather than overselling, our goal is to offer coverage that matches your property’s unique exposures, preventing you from having to bear the financial burden of unexpected repairs.

The claims process with these enhancements is straightforward. These coverage enhancements ensure that more of your property is protected, reducing the chance of disputes over what is or isn’t covered. We streamline the process by clarifying coverage upfront and working closely with your carrier to minimize delays or complications in the event of a loss.