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 insured for in the UK is widening.

The findings arise from the insurance industry’s most reliable benchmark around property sums insured, RebuildCostASSESSMENT.com’s annual rebuild cost analysis and infographic. The data results from almost 27,000 rebuild valuations carried out by RebuildCostASSESSMENT.com between September 2021 and the end of August 2022.