Figure it out to avoid floods of tears

Thousands of UK homeowners have not figured out what their possessions are actually worth, leaving them typically either underinsured or overinsured. In fact, only one in every ten homeowner properties is likely to be insured for the right figure.1 The degree of underinsurance can vary and wealthy individuals, owning large homes and expensive items such as jewellery, artworks, antiques, expensive watches, designer handbags, costly clothing collections and other assets such as wine or whisky cellars, are particularly at risk. In fact, they are a major worry for insurance brokers. 23% of insurance brokers actually feel all High-Net-Worth individuals are underinsured.2

1https://www.rebuildcostassessment.com/post/annual-infographic-2024 2https://www.insurancebusinessmag.com/uk/news/property-insurance/underinsurance-is-a-pressing-concern-new-survey-497247.asp