Case study – Incorrect rebuild sum insured

Case Study

Ascend solve under insurance issue that could have left client £2m short in the event of a claim

Incorrect rebuild sum insured

“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 property’s insured are for the incorrect rebuild value – especially in the present increasing  materials climate

We highlighted the problem and explained to the client what could happen. In the event of a claim they would be £2m short or even worse, insurers could have declined the claim

The Solution:

We explained the impact of having the incorrect rebuild sums insured and provided a RICS surveyor rebuild report that provided the true cost for a total rebuild.

Consultant: Matthew Collins