Avoiding Under Insurance


Avoiding Under Insurance - Valuing your Property Avoiding Under Insurance when valuing your home is imperative. Throughout my time as an insurance loss assessor, I have encountered many homes which have been grossly under insured. Often not an intentional money saving scheme, but as a result of not having the tools to calculate correctly. Calculating your insurance premium When insuring your home, your property should be insured for its REBUILD VALUE. Quite often, the property is mistakenly insured for the RESALE VALUE. This in turn leaves the homeowner under insured by up to 50% in some cases. In making an insurance [...]

Avoiding Under Insurance2023-02-01T15:41:49+00:00

Is your insurance cover worthless? – PRICE Vs COVER


In hard times when many Irish homeowners are stuck for cash and mortgage providers are hounding them, and also seeking evidence of their home insurance in place, some seek out the very cheapest home insurance option without assessing the content. Unfortunately it transpires with perfect hindsight that clearly many of these policies are not fit for purpose. They may have an excessively narrow range of cover with an excessively broad range of exclusions. The temptation for homeowners when comparing insurance quotes is to choose the cheapest policy, but this can mean buying an unsuitable policy, experts say. Brian Brown, principal [...]

Is your insurance cover worthless? – PRICE Vs COVER2019-05-09T11:17:44+00:00
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