Wildfires are highlighting insurance-to-value issues

Wildfires are highlighting insurance-to-value issues

iStock.com/shootthebreeze Recent wildfire losses are highlighting issues with underinsurance, brokers heard at the Insurance Brokers Association of B.C. Leaders’ Conference Wednesday. The topic came up during the conference’s Executive Insurer Panel, when one broker asked insurer executives if Guaranteed Replacement Cost (GRC) home insurance policies, which promise to insure to the full value of a property loss, are in jeopardy because of the ri…