I own a 100,000 sq. ft. commercial building in Lousiana, and I am considering a policy that includes an 80/20 co-insurance provision. My question is this: using the formula for co-insurance, can the Insurance Required denominator be figured as a market value, as opposed to a construction replacement cost value? thanks, Neal

About The Expert

William Hedden

William Hedden is President and CEO of Consolidated Adjusting, Inc, a public insurance adjusting firm. In 1991, he became a licensed Public Insurance Adjuster with the California Department of Insurance. He is also a licensed real estate broker and a licensed B-1 general contractor in the State of California. He earned a law degree from Hastings College of Law and was admitted to the State Bar of California in 1979. Mr. Hedden served on United Policyholders' Board from 1997-2016.