Property Limits

This month's subject is Property Limits. We have attached some photos for your review.

This is an actual claim, when a vehicle was being chased by the police  at an estimated speed  over 100 mph, went out of control and crashed into one of the service stations we insure.

How much do you think the property loss was? Just two pumps and a canopy with no building damage.

$75,0000 $100,000? $150,000?? Wrong!

The property loss alone on this claim was $215,000.   
In today’s busy world it’s easy to just renew a policy “as is”.
However, we encourage you to take the time and review your property limits with your agent regularly, as it is important for you not to be caught underinsured, if and when a claim occurs.

Our agents at RKM are always available to review your policies with you and discuss new trends, new claims, costs and other important issues developing in our industry.

Your team at RKM Insurance Agency