PBS interviewed homeowners who said that their coverage had been
switched by their company from “full replacement”
to “extended replacement” coverage before the fire. When
they questioned their agents they were told that extended replacement was
much better than full replacement “yet, once claims were submitted, they
were offered settlements that came nowhere near covering their rebuilding
costs.”
Homeowners Insurance Industry Roasted By PBS, Bloomberg
This entry was posted in Mortgage News. Bookmark the permalink.