Working with your broker to reflect current property values is essential. Without accurate appraisals, many cities are experiencing increased premiums and forced changes in coverage, limits or deductibles.

Underwriters want answers to these critical questions:

  • When was the last time your risk's values were appraised?
  • Have inflationary increases been applied to your property values?

As Gallagher's Alexandra Glickman and Robby Kunz noted in a recent Business Insurance article, property values that are underreported, incomplete or incorrect put your city's property insurance at risk — and can result in increased deductibles, higher retentions, tighter terms and conditions and higher rates.

In our latest whitepaper, "Protect Your Operations with Accurate Property Valuations," Gallagher's property experts dive deeper into the importance of accurate valuations and the benefits of having a recent appraisal on hand.

Download the whitepaper and connect with our team by completing the form below.