Question / Issue |
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If the building is valued over $2,500,000, will the program still rate the risk? |
Answer / Solution |
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Buildings valued over $2,500,000:
Citizens will only insure each building to $2,500,000.
If the building is valued over this amount, the coinsurance will be waived and be rated on a first loss basis:
- Enter the actual value of the building in the 100% Valuation entry field.
- Tab out of the field
- The Limit entry field will automatically fill with the maximum value of $2,500,000.
- The Policy Structure field will then change to First loss
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