Analysis

Briefing: Is underinsurance onus pushed onto policyholders to address?

By 2025-02-19T10:14:00

property underinsurance

Strategic planning director says it is policyholders’ ‘responsibility’ to ascertain building valuation information to avoid underinsurance, but is there an implication that brokers are not doing enough here?

This week (February 2025), new data has been published by buildings valuation business RebuildCostAssessment.com which estimates that 80% of commercial properties in the UK are underinsured.

However, RebuildCostAssessment.com said the buildings underinsurance problem is not simply a result of the willingness of businesses owners to cut costs, but is – in fact – far more fundamental. It is quite simply the way property cover is sold.

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