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Category: Insurance

Homeowner’s “Hold Back”- What is it?

Most property insurance today make claims payment at replacement cost for items ruined or damaged after a loss. The homeowner’s policy is where people see this feature firsthand. Most homeowner’s insurance policies, even those issued by the Massachusetts FAIR Plan, include replacement cost on contents. As your agent probably explained to you when you got your policy, replacement cost means you get new-for-old in claim settlements. But replacement cost isn’t paid without some documentation that you’ve actually replaced the stuff. Here you’ll learn why, and how to get your money as soon as possible.

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CRR Progressive Commercial Business Insurance 2015 Risk Management Study, NA Insurance Report, part 5: Investing in the right capabilities

Risk functions at North American insurers should be recruiting individuals with operational as well as risk backgrounds to develop a clear understanding of the wider…

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