Many UK property owners assume that higher sums insured lead to better protection. New analysis shows this is not the case.
While awareness of underinsurance has grown, insurance accuracy remains low across all major sums insured bands. As sums insured rise, behaviour changes – but accuracy does not. Underinsurance often gives way to overinsurance, while correct cover remains rare.
This research builds on our annual property insurance infographic, which found that just 7% of UK properties are insured accurately. The remaining 93% are . . .
This content is restricted to subscribers