Why It’s So Important to Understand Insurance-to-Value and Coinsurance Clauses in an Inflationary Environment
It’s always important to understand insurance-to-value and coinsurance clauses. However, it’s really, really important to pay attention to these clauses in today’s inflationary environment. The insurance-to-value clause states the amount of money you’ll receive from your provider if a covered event occurs while coinsurance is an agreement between an insurer and business owner to share … Read more