Underinsurance the Ticking Time Bomb 2024 Update

The risks of underinsurance Three years ago we started working with a new partner who conducts Building Reinstatement Cost Assessments on properties. To date, we have had over 550 valuations completed on client’s properties. 64% of these properties had a level of underinsurance. Under the Insurance Act 2015, it is a policyholder’s responsibility to provide…

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