Limits recovery to a small margin above the declared value, reducing payout if replacement costs exceed the insured amount

Estimated loss refers to the projected cost to repair or replace your property if it's damaged or destroyed by a covered event. This estimate helps determine the additional value our coverage enhancement provides. Margin Clause is most relevant to covered events that require total replacement of your property (e.g., catastrophic floods, earthquakes, etc.).  

Standard margin clause coverage proportionately reduces your recovery if your replacement cost is higher than the declared value of your building, contents or business income. For example, with a 10% margin clause, if your building costs $12mm to replace, but has a declared value of $10mm, your recovery will be capped at $11mm.  

USI coverage enhancement works with carrier partners to ensure that your recovery is not capped to the declared value of the building, improving the chances you’ll receive the full replacement cost of the building following a total loss.  

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.