Consumers and regulators are up in arms to learn that "replacement cost" insurance policies often don't pay out enough to fully compensate policyholders for replacing damaged structures. The problem has become more acute in recent years, with inflation increasing construction costs even in the best of circumstances, and "demand surge" in the wake of catastrophes driving them up even more.

This program will address how risk professionals can work with insureds to identify and manage all dimensions of property insurance valuation, including:

• The different types of replacement cost valuation (simple, extended, and guaranteed) and their implications for recovery.
• The options available for addressing costs for demolition, debris removal, and building code upgrades.
• Options available for addressing cost increases arising from demand surge (the added demand for construction services in areas where numerous structures have been damaged).