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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.