Insuring to Value

Catastrophic loss events in the late 20th century pointed out a grave problem for the insurance industry: there had been massive miscalculations of homeowners� property values.\n\nThe issue was spotlighted again early in the 21st century when catastrophes slammed the United States. These events illustrated the critical importance of correct valuation. Without it, premiums are inadequate and settlements insufficient to fulfill the promise to replace with like kind and quality.Insuring to Value: Meeting a Critical Need analyzes the need for correct valuation when binding and renewing homeowners insurance policies. It explains how valuation methods were improved after the industry focused on the serious undervaluation problem that was highlighted in the late 20th century. The book then demonstrates how state-of-the-art valuation methods are leading to greater opportunities to strategically manage books of business for property insurer stability and policyholder protection.Insuring to Value 2nd Edition is written by Peter Wells and published by The National Underwriter Company. ISBNs for Insuring to Value are 9781938130342, 1938130340 and the print ISBNs are 9780872187290, 0872187292.