Security is primarily a risk-sharing contractual relationship between the insurer and the insured. The relationship implies that the security contractors to manage the risk, taking all necessary precautions to protect the insured from loss of property.
The danger here is that when a claim when the insured value is less than the value of the loss experienced. If you wish to be found under insured, the insurer will apply a formulathat will reduce the amount paid if the claim by the percentage that you are under insured.
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