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Bricks, Brexit and the problem with index-linking

While index-linking of sums insured on buildings offers some protection from underinsurance, it’s not something a policyholder should always depend upon, says Insuranceshortfall.com’s Will Molland… AN INTERESTING thing happened in the construction sector following the financial crisis of 2008. It is well known that a lot of building work ceased at the time, but a knock-on effect of this was the moth-balling of many brick manufacturing plants. A few years later when construction work started to pick up again, there was a significant shortage of bricks. Low supply and increased demand meant that the cost of bricks rocketed. Data from the RICS’ Building Cost Information Service (BCIS) shows bri

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