Insurance can often be a complex subject, filled with jargon and intricate details that can confuse even the most diligent policyholder. One concept that frequently arises in discussions about property insurance, particularly homeowner’s insurance, is the “80% Rule.” In this comprehensive guide, we will delve into what the Insurance 80 Rule is, its implications, and how it can affect your coverage and claims. We will explore its significance in property valuation, the nuances of replacement cost versus actual cash value, and how it fits within the broader context of risk management. 1. the Insurance 80 Rule The Insurance 80 Rule […]