The $112,500 Mistake: Why Coinsurance Can Gut Your Commercial Claim
What You Don’t Know Can Cost You It wasn’t the storm that broke the business. It was the policy they didn’t understand. A Florida business owner thought they were playing it safe. Their commercial building was worth $1,000,000. They insured it for $500,000, figuring that would more than cover any damage from hurricane season. Then the storm came. $300,000 in