noun
1.
An Appraisal happens just before an insurance Policy is put into effect and is undertaken by the insurance company. The objective of an Appraisal is to determine property’s current replacement cost in the event of a loss. This step is helps ensure that a policyholder is not over- or under-insured.
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.
Even if you’re young and single, you should still consider protecting yourself.
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.