Case Study
“Thank you for raising and explaining the underinsurance issue on my insurance & providing a robust solution.”
Sector: VIP Home
Sub Sector: Ascend Executive
The Problem:
70% of properties insured are for the incorrect rebuild value – especially in the present climate where the price of materials continues to rise.
We highlighted the problem and explained to the client what could happen in the event of a claim, pointing out they would be £2m short or, even worse, that insurers could decline the claim.
The Solution:
We explained the impact of having the incorrect rebuild sums insured and provided a RICS surveyor rebuild report that indicated the true cost of a total rebuild.
