Since losses are shared among all occupants, the rates are much lower as risks for claims tend to be lower, and claims loss payouts are also less than homeowner's insurance. (sharpinsurance.ca)
Each carrier has its own proprietary system for calculating ACV total loss payouts. (thebalance.com)
By offering or not offering a lower deductible, an underwriter can exercise some control over the policies they write and the conditions under which a loss payout is likely. (effectivecoverage.com)