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yusraTrusted Adviser

Asked: September 28, 20232023-09-28T03:31:56+00:00 2023-09-28T03:31:56+00:00In: Insurance, Money & Business

Valued Policy State: What it is, How it Works, Controversy

Some states follow valued policy laws impacting payouts – what are these? How do valued policy states differ from other states regarding home insurance claims? What controversy exists around this approach? In which states do these laws apply? How does it change the claim process after disasters like fires?