Protect Your Assets: Escalation Clauses in Insurance Now
Understanding Escalation Clauses: Your Inflation Shield Inflation silently erodes the value of your assets. A significant event like a fire or construction accident could leave you severely underinsured if your coverage hasn't kept pace with rising costs. An escalation clause in your insurance policy acts as a powerful safeguard against this risk, automatically increasing your coverage over time to reflect inflation. This is particularly crucial for policies covering high-value assets like buildings and large construction projects....