Coming up short: renovations and pricey personal items are contributing to the undervaluation of insured American homes.(Property/Casualty: Home Valuations)(Survey)

Best's Review,  May, 2008  by Panko, Ron

• E-mail
• Print
• Link

* The Issue: Writers of homeowners insurance face continuing challenges in properly valuing their books of business.

* The Trend: Affluent homeowners insure pricey high-tech items and collectibles; middle-income homeowners add value through remodeling.

* Watch For: Insurers to increase insured values of homes, largely by catching up on renovations in middle-income properties.

Anybody know what "gaming seats" are? They're cushy, upholstered chairs used while playing video games.

One home, insured by the personal lines business of the Chubb Group of Insurance Cos., ...

Read the rest of this article with a Free Trial at HighBeam Research.