As many as 79% of homes owned by hobbits would be underinsured (if they actually existed) according to research by building valuation experts RebuildCostASSESSMENT.com. The findings mean that in the event of a claim most hobbits would be dangerously exposed to financial ruin, especially as on average their properties would be covered for less than half of what they should be. While the scenario is of course fictional, the data itself is real, said RebuildCostASSESSMENT.com. I