Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can the amount insured be higher than the real property value?

April 26, 2017insured Property value

0

Posted

Can the amount insured be higher than the real property value?

1 Answer

0

Posted

Yes, but restrictions do apply. The Title insurance company will only cover the real value of the property at the time risk occurs. If construction is built on the property, which increases the real value of it, the insurance policy can be upgraded to cover it.