underinsurance

Underinsurance remains a persistent issue in the UK, arising when sums insured or declared values are insufficient to cover full reinstatement or financial exposure, leading to reduced claim payments under average clauses. Insurance professionals must proactively address this through education, professional valuations, index‑linking, and regular reviews—especially during periods of high construction, wage, and equipment cost inflation—ensuring brokers and clients fully understand the implications at both placement and claim stage.

Read the latest underinsurance news stories below!

Christie Insurance commissions jump 31% as new business carries specialist broker in soft market
Client retention dipped slightly, but enlarged sales teams more than made up for it, helping the hospitality and care specialist's parent raise its interim dividend by two-thirds
Christie Insurance commissions jump 31% as new business carries specialist broker in soft market
Digital trading will speed placement, not replace brokers, says LIIBA
London Market research argues AI can accelerate execution, but human trust and expertise will remain central to broking
Digital trading will speed placement, not replace brokers, says LIIBA
Claims don't create insurance problems - they expose them
The biggest insurance mistakes are usually made long before a business ever needs to make a claim
Claims don't create insurance problems - they expose them
Kim Kardashian's Paris jewel heist ends with a one-euro verdict
But the real financial story sits with insurers
Kim Kardashian's Paris jewel heist ends with a one-euro verdict
UK inflation climbs to 3.1% - insurers can feel the pressure
Official figures out this morning confirm what motor and property insurers have been pricing in for months
UK inflation climbs to 3.1% - insurers can feel the pressure
Cyberattacks on UK property firms rise 17% as hackers target client data
Conveyancing fraud cost buyers £11.7 million last year. Cyberattacks on agents are adding to the risk
Cyberattacks on UK property firms rise 17% as hackers target client data
Everyday contents are quietly driving underinsurance in high net worth homes
From furnishings to fine art, the true value inside wealthy clients’ homes can be far harder to capture than the headline assets suggest
Everyday contents are quietly driving underinsurance in high net worth homes
Where UK small businesses are most underinsured and most likely to fail
New research maps where UK businesses are most at risk of closing, and points to a familiar insurance gap behind many failures
Where UK small businesses are most underinsured and most likely to fail
Home insurance remains an afterthought for many brokers
Low commissions and outdated sales habits are keeping general insurance on the sidelines
Home insurance remains an afterthought for many brokers
UK subsidence claims hit record as hottest summer leaves lasting damage
Hastings Direct reports a near-140% August spike - and insurers warn the peak has not passed
UK subsidence claims hit record as hottest summer leaves lasting damage
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