Meeting the challenge of avoiding underinsurance in HNW properties

Amid inflation and irregular surveying, high-net-worth buildings are potentially more at risk of underinsurance than ever before. Helena Evans, managing director at Criterion Adjusters, outlines how brokers can help clients to reduce this risk.

Underinsurance is a hot topic at the moment. And the levels of underinurance can be even more pronounced in the high-net-worth arena, not just due to the current increase in building costs, but if the policyholder has not taken into account all the necessary elements at their property that must be considered when setting the sum insured.

As an adjuster, when you arrive at a HNW property it can often be surrounded by an original boundary wall.

You can drive through substantial electric gates down