The issue of Underinsurance is a problem that refuses to go away!
Underinsurance remains one of the insurance industry’s greatest challenges.Customers can run into difficulties in any number of ways – from taking the wrong approach to property valuations, to underestimating the length of time it could take their business to recover following a loss. Zurich Insurance have produced a whitepaper which offers practical tips for us to share with our customers on avoiding underinsurance. The guide provides a series of simple, practical tips, that can help you to support your customers in eliminating underinsurance.
It includes in-depth sections covering some of the specific challenges relating to different lines of insurance, from how to approach building valuations when insuring property, to understanding issues such as Uninsured Working Expenses and how they relate to business interruption policies.
click the PDF below to open the guide underinsurance_guide.pdf