Adding value offers protection
Sean Durden of Gleeds-Durden Restatement Valuations looks at risks of underinsurance
Statistics from various insurance-preferred suppliers indicate that the average level of underinsurance currently ranges from 50-60%.
Although the number of claims received by insurers has fallen, the cost of UK fire losses in 2008 were the highest recorded, standing at £1.27bn (£865m commercial properties), a 16% increase on 2007's figures.
To ensure business continuity, the importance of establishing adequate levels of cover, especially in the current climate, cannot be underestimated and is
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