Sums insured represent the declared value of property or interests covered under a policy and form the basis for calculating premiums and applying underinsurance provisions like average clauses. Accurate valuation of buildings, contents, and business interruption exposures is critical to avoid coverage gaps, especially in periods of high inflation or supply‑chain disruption. Insurers work closely with brokers, surveyors, and clients to validate sums insured, often using valuation services and data tools to maintain adequacy over time.
The driest July since 1836 has hardened soil that can no longer absorb heavy rain
England's NPPF update creates a specific exposure that standard licensed trade policies don't address
Wildfire and subsidence expose two converging risks for property brokers as autumn rain returns
The agreement with Endurance Worldwide Insurance Limited arrives as rebuild cost gaps make property owners' business more complex to place correctly
Property insurers already grappling with record subsidence payouts now face a second cost pressure building from construction materials
