July 20, 2020

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...

February 5, 2020

Nigel Feast FCII, is one of Britain’s most highly respected property insurance professionals. He has been named as one of the UK’s top 100 most influential people in the residential leasehold sector and is Customer Relations Director at Deacon, a RebuildCostASSESSMENT....

November 20, 2019

A UK based insurance broker is facing a legal claim for damages of “at least £3.5 million” after a fire revealed one of its commercial clients had been significantly underinsured, according to reports.

Legal news source Law360 said a waste management company based in th...

June 20, 2019

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.

To help, we’ve put together a short 3 minute explainer video, which should help clear up some of the key questions.

Please let us kno...

May 20, 2019

A growing number of insurance brokers believe underwriters should pay for, or at least contribute towards, a professional assessment of building sums insured in order to tackle the issue of underinsurance.

In a poll for this year’s BIBA conference, reinstatement valuati...

May 13, 2019

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

Reinstatement valuation experts RebuildCostASSESSMENT.com asked 580 brokers to identify the source of building sums in...

August 1, 2018

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.

A spokesperson for law firm Herbert Smith Freehills LLP told us there was nothing yet to add to their advice of last year, which out...

May 21, 2018

Are we alone in the universe? Who shot JFK? Is time travel possible? Why do flammable and inflammable mean exactly the same thing? And how come you never see the headline ‘Psychic Wins Lottery’?

These are just some of life’s great unanswered questions, and in the world...

January 22, 2018

It happens! A policyholder wants to reduce their insurance premium, so they turn to the buildings sum insured without properly considering the rebuild cost of their property, or any other consequences.

And when the policyholder insists, it's never an easy conversation f...

October 31, 2017

Brokers are finding it easier to encourage their property owning clients to set suitable sums insured on buildings thanks to innovative new desktop rebuild cost assessments offered by Insuranceshortfall.com.

Mark Horgan, Director of West Midlands based brokers Morrison...

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Sum insured wrong! What do you say?

June 21, 2018

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