Brokers have opposing views around the provision of information or advice in relation to underinsurance, according to the findings of a recent poll by Insuranceshortfall.com. More than one hundred and thirty brokers provided us with their comments after we asked the following question on our website in July 2017: If a broker was to suggest to a client they have their building sums insured professionally assessed by a ‘Regulated by RICS’ provider such as ourselves, is the broker providing INFORMATION or ADVICE? We asked the question as there appears to be some confusion around brokers’ obligations to clients in connection with underinsurance. Around 40% of brokers interpreted the scenario as
Congratulations to Tracey Regan of Stockport based insurance brokers JJ Yates & Co Ltd, who is the lucky winner of our recent Apple Watch prize draw. Tracey's name was chosen at random after responding to an online poll at Insuranceshortfall.com, which asked whether brokers believed that suggesting their clients have their building sums insured professionally assessed by a ‘Regulated by RICS’ provider such as ourselves was providing INFORMATION or ADVICE? Tracey's view was this was providing 'ADVICE'. However, she commented: "In my view it's irrelevant whether it is viewed as information or advice, it should be the professional responsibility of any insurance broker to let the client know of
