The industry has a golden opportunity that should not be missed. Pay the claims promptly, forget about the inventories, they were lost with the house, pay the limit on Add’l. Living Expense up front, and if there is a doubt between flood and wind, use every means possible to resolve it in favor of the insured. You can’t do anything about under insurance, nor would anyone expect you to, unless you promised to increase coverage periodically, and did not do it, or the agent screwed up. Let’s see if the industry can pull itself up higher on the chart than the politicians.
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The industry has a golden opportunity that should not be missed. Pay the claims promptly, forget about the inventories, they were lost with the house, pay the limit on Add’l. Living Expense up front, and if there is a doubt between flood and wind, use every means possible to resolve it in favor of the insured. You can’t do anything about under insurance, nor would anyone expect you to, unless you promised to increase coverage periodically, and did not do it, or the agent screwed up. Let’s see if the industry can pull itself up higher on the chart than the politicians.