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Catalog
May 2021 NAPFA Advisor Magazine - Full Issue
May 2021 NAPFA Advisor Magazine - Full Issue
May 2021 NAPFA Advisor Magazine - Full Issue
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Pdf Summary
Clients should be educated about replacement cost coverage and additional options for insurance policies. This includes purchasing a replacement cost endorsement to fully cover the cost of replacing an item and including enough ordinance or law coverage to cover additional work required to bring a structure up to code. Clients should also choose the right percentage of coinsurance to avoid penalties and ensure adequate coverage. Personal property coverage should be considered and adjusted as needed. Brokers should be involved to ensure accurate coverage and clients should work with a local insurance agent for personalized support.
Keywords
replacement cost coverage
additional options
insurance policies
replacement cost endorsement
ordinance or law coverage
structure up to code
coinsurance
penalties
personal property coverage
local insurance agent
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