That’s more than 3 out of 4 buildings not covered for their full rebuild value, meaning claims are unlikely to be paid in full. The main cause? Rapid increases in building materials and labour costs over the past few years have pushed up rebuild values, but many sums insured haven’t been reviewed to reflect that. The fix? Get a professional Reinstatement Cost Assessment and update your insurance broker! If you have any insurance questions or need help. Give me a shout!

Posted by Antoni J Kaminski at 2025-04-06 20:42:15 UTC