Marsh warns of jewellery underinsurance

Sara Dunn, client executive in private client services at Marsh, explained: “It is the responsibility of the policyholder, not the insurer, to ensure that their sums insured adequately represent the cost of replacing items. If they do not, in the event of a claim, they will receive no more than the sum insured or the single article limit, leaving them out of pocket.

“Generally, insurers will apply index linking to insurance policies based on the General Index of Retail Prices, rather than an