Q
I'm adjusting a loss on a property that is insured on an ISO commercial property form CP 00 10 04 02. The loss includes a building debris settlement. The property was underinsured, so there is a coinsurance penalty on the direct property loss settlement. Should I apply the same coinsurance penalty to the debris removal payment?
Continue Reading for Free
Register and gain access to:
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now