Rebuild cost gap still widening, with social care at risk
The gap between property rebuilding costs and the amount buildings are insured for is continuing to widen, with many essential social...
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On average, our desktop rebuild cost assessment reports are currently taking between 4 and 5 working
days. Please keep checking back for status updates.
- May 1
What brokers think about the new Consumer Duty
More than half of UK insurance brokers say they are in favour of new Consumer Duty rules, with most believing underinsurance should be...
- Oct 26, 2022
Underinsurance gap widening as costs increase
A greater proportion of properties are now underinsured and the gap between property rebuild costs and the amount buildings are currently...
- Feb 9, 2022
How times change, but also they don’t!
Casting an eye back through time can often tell us a lot about where we are today. RebuildCostASSESSMENT.com’s James Scott Brown...
- Sep 30, 2021
Underinsurance made worse by rising construction costs
A sustained rise in construction costs this year is increasing the likelihood of significant underinsurance of buildings in the UK....
- Sep 8, 2021
Lower value properties are ‘most’ underinsured
New data from RebuildCostASSESSMENT.com has revealed that properties with a sum insured of less than £500,000 are generally covered for...
- Jul 14, 2021
Football club sues broker due to underinsurance
A football club from the sixth tier of English football is suing an insurance broker for almost half a million pounds in damages due to...
- Nov 14, 2020
Brokers ‘can quickly shift litigation risk’
Brokers are being encouraged to ‘shift the risk’ of at least one significant cause of litigation - underinsurance.
- Oct 14, 2020
Too many underinsurance disasters waiting to happen
Businesses already struggling in the wake of Covid-19 face another invisible threat in the form of underinsurance. The latest data from...
- Oct 14, 2020
UK rented homes underinsured by £315 billion
Property owners struggling in the wake of Covid-19 face another invisible threat in the form of underinsurance.
- Aug 18, 2020
A bit of help with those difficult client conversations
If there’s one thing there has been no shortage of this year for insurers and intermediaries, it has been difficult client conversations!
- Jul 20, 2020
79% of hobbits dangerously underinsured
As many as 79% of homes owned by hobbits would be underinsured (if they actually existed) according to research by RebuildCostASSESSMENT.com
- May 21, 2020
The problem with index-linking
Dave has a lovely house, which he insured for £542,000 in 2013. Should he be confident index-linking has protected him from underinsurance?
- Nov 20, 2019
Broker facing £3.5m legal claim for underinsurance
A broker is facing a legal claim for damages of “at least £3.5 million” after a fire revealed one of its clients was severely underinsured.
- Sep 23, 2019
Latest building sums insured data released
RebuildCostASSESSMENT.com has released up-to-date high-level data around inaccurate building sums insured in the UK.
- May 20, 2019
One in 10 brokers thinks insurers should pay for rebuild cost assessments
A growing number of brokers believe underwriters should at least contribute towards a professional assessment of building sums insured.
- Apr 18, 2019
PI underwriter guides brokers on underinsurance exposure
"A gentle uptick” in underinsurance related claims is highlighting a need for the insurance industry to do more to tackle the issue.
- Nov 21, 2018
Investors warned about adequacy of commercial buildings cover
Investors in pension schemes are being warned of the knock-on effect of inadequate sums insured on commercial properties in their portfolios
- Aug 1, 2018
Underinsurance and the Insurance Act – Has anything changed?
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.
- Mar 21, 2018
Underinsurance could cost family almost half a million
Underinsurance could mean a Surrey-based family ends up being almost half a million pounds out of pocket following a fire at their home.
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