Energy efficient homes widening underinsurance gap

Property owners across the UK are investing in greener, more efficient buildings, but many could be unintentionally leaving themselves underinsured.

As energy bills rise and regulations tighten, more homes and commercial properties are being upgraded with better insulation, cleaner heating systems, and sustainable materials. These changes are essential but they’re also driving up rebuild costs.

When those costs go up but insurance cover stays the same, the risk of underinsurance increases. And with most UK buildings already underinsured, that gap is widening fast.

A new report from RebuildCostASSESSMENT.com highlights this growing issue and the vital role brokers can play in helping clients stay properly protected.

“Energy efficiency upgrades are good news. But if insurers aren’t told, and policies aren’t updated, the consequences can be costly,” says Sharon Masters, Surveyor & Technical Lead at RebuildCostASSESSMENT.com.

“With new energy efficiency deadlines approaching – particularly in Scotland – thousands of properties are undergoing upgrades that could significantly alter their rebuild value.”

So what’s causing rebuild costs to climb? And how can brokers help their clients avoid falling short?

Read the full report now to see what’s driving the change and what can be done about it.

Report: Energy efficiency retrofits, rebuild costs, and underinsurance