The definitive thoughts, frameworks, and analyses on modern risk.
It is alarming how many people confuse the purchase price or appraised value of a residence with the cost to rebuild it. The common thinking: My house is worth X, the land is probably worth 30 – 40% of that, so I will insure it for 70% of X, since the property won’t burn. Realtors, mortgage lenders, and tax assessors confuse […]