A startling revelation has come to light, highlighting a concerning issue faced by homeowners across the UK. Recent reports indicate that a staggering 83% of properties in the country are currently underinsured, potentially leaving homeowners vulnerable in the event of property damage.
The primary reason behind this alarming statistic is what insurance companies refer to as the "Average Clause." This clause can significantly impact the amount paid out following a property damage claim, causing financial strain and frustration for affected homeowners.
So, what exactly is the "Average Clause," and why is it causing such concern . . .
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