No property-owner would knowingly try to chisel on premium (by understating the insurance value of his property), unless underwriters blew their ratings and attempted to unfairly reduce the indemnity payable after loss.
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There is nothing new here.Insurance To Value has been a topic far longer than my 50 years in the busuness.Hardly worth a White Paper.
No property-owner would knowingly try to chisel on premium (by understating the insurance value of his property), unless underwriters blew their ratings and attempted to unfairly reduce the indemnity payable after loss.