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Underinsurance or no insurance – a bad idea for homeowners

A common mistake that some homeowners make is not to insure their property for the full replacement value, thus creating the issue of underinsurance,” advised Joseph Holness, Assistant General Manager, Reinsurance and Underwriting, JN General Insurance (JNGI).  “As a result, if an insured peril causes damage to the home or its contents are stolen, the claim may […]