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.
Life is constantly changing, and so are your life insurance needs. Check out the 5 stages and how they change your take on Life.
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Separate structures on your property may have to be insured separately.