What is Agreed Value in Commercial Property Insurance? And Why You Should Have It.

What is Agreed Value in Commercial Property Insurance? And why you should have it on your commercial property policy.

I’m going to answer the question of what is agreed value in property insurance policy and why you should have it.

Agreed value is an optional endorsement to a commercial property policy that waives co-insurance and essentially provides that the amount of insurance in the policy on a building and/or business personal property. It represents an agreement between the insured and the insurance company underwriter as to what that property is worth. Hence the term "agreed value"

Have other questions not been answered here? I love helping business owners gain greater control over their risks and insurance programs.

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Gordon B. Coyle, CPCU, ARM, AMIM, PWCA
The Coyle Group
845-474-2924

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How does this work on multiple properties with BI (rental value) and blanket basis on a CPP?