Do you need to review your property insurance?
Did you know that 9 out of 10 UK buildings are insured for the wrong amount?
80% of UK properties are UNDERINSURED.
14% of UK properties are OVERINSURED.
On average, UNDERINSURED buildings are covered for just 68% of the amount they should be.
On average, OVERINSURED properties are covered for just 126% of the amount they should be.
587,000* is the estimated number of high-value homes in Britain that are currently UNDERINSURED.
£340 billion** is the estimated underinsurance total for all UK commercial properties.
How confident are you that your insurance meets your needs? Speak to your usual insurance advisor to review your insurance today.
Data derived from 14,713 Rebuild Cost Assessments completed between Sept ‘20 and Aug ‘21.
*Estimate based on Zoopla data on UK homes with a market value exceeding £1m.
**Estimate based on British Property Federation (BPF) data on UK commercial real estate.