Setting policy limits for any property insurance policy can be tough. A building is never worth just what you paid for it. It usually takes time and effort to build out replacement cost estimations, unless you happen to have documentation from a building appraiser who writes a replacement cost appraisal for the building and it's recent. That complexity is ramped up when you are talking about a property loss that doesn't have a physical asset to appraise.

Business income and extra expense coverage are hard to properly value because you don't know everything that you want to know when setting the limits.

Then you have to deal with coinsurance. That's what this session is about, gaining some insight into setting those limits and ways to deal with the coinsurance issue.