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On the Building and Commercial Property Form, conditions include "Valuation" . Here it refers to losses being paid at ACV unless the replacement value of a building loss is less than $2,500. Later in same paragraph: "Valuable papers and records are covered for cost of blank materials........(but note foregoing Coverage Extension).
The "foregoing coverage extension" is conditioned on 80% or more coinsurance or a Valued Reproting Form being utilized. In this case, valuable papers and records WOULD be covered for cost of research, replace or restore up to $2,500.
So what I'm getting from all this is that records would be covered if premise is adequately insured, but if not (under 80%) only the blank stock and labor to transcribe ..... is covered. Does this have anything to do with the loss being less than $2,500 as mentioned earlier in same paragraph or is this always the case?