Type of insurance

      Everyone should rebuild value every three years to make your building/home isn’t underinsured.

      For property owners and investors – buildings insurance should provide a crucial safety net, protecting property assets against unforeseen events.

      It should step in to cover the cost of repairs or rebuilding work after an insured event like fire or flood, but for all too many property owners, across domestic and commercial property that vital protection may not be all it seems.

      In fact, recent research has found that 80% of UK properties are underinsured – to put that in context, that’s around 587,000 high net worth homes and commercial property with a total value of £340 billion standing without adequate buildings insurance.1 What’s more, those numbers are heading in the wrong direction, having risen from 580,000 and £325 billion respectively in the space of 12 months - (Note this has been taken from marsh website)