Household Insurance - Dealing with Under Insurance

Household insurance - dealing with under insurance

This webinar, delivered by Alan Chandler, one of the most popular presenters in the UK, examines the challenge of making sure personal lines policyholders avoid under insurance.

Where the insured has to provide a building sum insured, only 10% of policyholders in the UK get this correct, we can therefore see there is a major issue of under insurance. Challenges also exist in bedroom rated policies. Inner limits are often not taken into account leaving a policyholder badly under insured at point of claim.

Alan will look at what needs to be taken into account in respect of setting Household policy cover on the correct footing.

Learning outcomes:

Delegates will be able to:

• Understand what needs to be taken into account when setting a household building sum insured.
• Understand what needs to be taken into account in respect of contents sums insured including personal possessions away from the home.
• Understand how under insurance can occur and the consequences of this for the policyholder, particularly with inner limits.

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