With construction costs forecasted to rise again in 2025, the risk of underinsurance remains a growing concern. Many UK properties are still insured for significantly less than their true rebuild value, leaving owners exposed to costly shortfalls in the event of a claim.
Factors such as rising energy costs, labour shortages, and sustainability initiatives are expected to drive construction inflation, making it crucial for brokers to help clients keep pace with rebuilding costs.Discover what’s driving these cost increases, how they impact building sums insured, and the steps brokers can take to . . .
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