Its all a question of value

Insuring property for the correct sum can be a complex, yet increasingly important process, particularly now the Insurance Act 2015 has come into force.

This talk looks at why there is a need for insurance valuations of buildings, plant and machinery, contents, fine art and antiques and how failing to keep values up to date can affect the amount paid should a claim arise. We will cover how insurance reinstatement valuations differ from the other types of valuation sometimes encountered, the elements that need to be considered in order to calculate an accurate value at risk and offer some tips to help policyholders avoid becoming underinsured.