Under Insurance

2023-02-04T13:14:10+00:00

Time and time again we deal with the issue of Under Insurance.   The Term Under Insurance means exactly what it says on the tin. Your property is not insured for its correct value. In a recent article RTE Business Journalist, Brian Finn, shone a light on the importance of correctly insuring your property. What does Under Insurance mean in the event of a claim? For example: You have had a water leak at your home and you need to make a claim Your Claims Assist Loss Assessor will meet the Loss Adjuster assigned by your Insurance Company. The Loss Assessor [...]

Under Insurance2023-02-04T13:14:10+00:00

Avoiding Under Insurance

2023-02-01T15:41:49+00:00

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
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