noun
1.
An Appraisal happens just before an insurance Policy is put into effect and is undertaken by the insurance company. The objective of an Appraisal is to determine property’s current replacement cost in the event of a loss. This step is helps ensure that a policyholder is not over- or under-insured.
When the weather warms up, it’s important to remain up to date when it comes to your insurance coverage—especially if you own a pool.
Claims can be left open as long as you need.
Learn the basics of boat insurance, including what it is, what it covers, and why you may want to consider protecting your watercraft against accidents.