Having the correct sums insured is extremely important to avoid underinsurance and average applying in the event of a claim.
Aviva have produced a guide to explain the impact of underinsurance which is very useful – just click here.
An article in the Insurance Times recently refered to a survey of 400 SME customers, where 86% of them were found to be underinsured. Can any business afford to be underinsured?? Is saving premium worth it if something goes wrong?? Speak to a Broker!