A broker has helped one of its commercial clients avoid a loss of £39,000 after requesting a rebuild cost assessment (RCA) on a property.

Investors in pension schemes are being warned of the knock-on effect of inadequate sums insured on commercial properties in their portfolios

A lack of relevant case law means it is still too early to say what impact the Insurance Act (2015) will have on cases of underinsurance.

This month we’ve produced a handy guide for brokers titled ‘When your client discovers their building isn’t covered for the right amount.’

It’s the easiest way for brokers to raise client awareness of the risks of incorrect building sums insured.

Underinsurance could mean a Surrey-based family ends up being almost half a million pounds out of pocket following a fire at their home.

It happens! A policyholder wants to reduce their insurance premium, so they turn to the buildings sum insured...

Brokers are finding it easier to encourage their clients to set suitable sums insured on buildings thanks to RebuildCostASSESSMENT.com.

Brokers have opposing views around the provision of information or advice in relation to underinsurance,

Congratulations to Tracey Regan of Stockport based insurance brokers JJ Yates & Co, who is the lucky winner of our Apple Watch prize draw.

Almost three quarters of commercial buildings with sums insured of £500,000 or less are underinsured.

100% of brokers agreed that getting a professional rebuild cost assessment was the only reliable way of setting building sums insured.

Most brokers believe the majority of commercial and high-net-worth household properties are either “severely” or “very” underinsured.

Since the Insurance Act came into force in 2016 we’ve been wondering what difference the legislation might make in cases of underinsurance.

RebuildCostASSESSMENT.com's James Scott Brown, explores the doubt (and enthusiasm) surrounding desktop-based rebuild cost assessments.

It’s an important question. After all, the consequences of inaccurate sums insured can be significant.

Brokers want a shift in focus from buildings sums insured being examined following a loss, to being assessed before a claim takes place.