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RebuildCostASSESSMENT.com has released up-to-date high-level data around inaccurate building sums insured in the UK.

A leading broker is encouraging others to guide their clients towards more accurate building sums insured.

One of the things people seem to get most confused about when it comes to setting building sums insured is whether or not to include VAT.

A growing number of brokers believe underwriters should at least contribute towards a professional assessment of building sums insured.

More than a third of policyholders are using ‘market value’ to set their buildings sum insured and one in five ‘simply guess’.

"A gentle uptick” in underinsurance related claims is highlighting a need for the insurance industry to do more to tackle the issue.

Some people can be a little sceptical about desktop valuations. After all, how can you accurately assess a property without being there?

Having rapidly taken the lead in the property insurance valuation market, RebuildCostASSESSMENT.com is now investing in talent of the future

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...

While index-linking of sums insured on buildings offers some protection from underinsurance, it’s not something policyholders should rely on

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.