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Commercial Underinsurance on the Rise

Commercial Underinsurance on the Rise
25 November 2019

Underinsurance is proving to be a rising concern with nearly half of commercial properties underinsured by 33%. A recent study was conducted analyzing 39 commercial total losses across Canada to measure the accuracy and variance of iClarify replacement costs versus Contractor total loss estimates. These values, when compared to Coverage A on all policies, prove a staggering difference with properties heavily underinsured.

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