January 27, 2025
As a specialist insurance broker our goal is to ensure your insurance cover provides comprehensive protection tailored to your needs.
Ensuring your sums insured are correct and up to date is vital
Underinsurance can lead to reduced payouts in the unfortunate event of a claim, leaving you to cover unexpected costs. With ongoing claims inflation and rising costs for rebuilding, repairs and equipment replacement, accurate sums insured have never been more critical.
Underinsurance of personal contents is another area of concern. Many individuals underestimate the value of their possessions, especially given rising replacement costs and the increased price of gold. To avoid being underinsured, create an up-to-date list of your belongings, secure accurate valuations for high-value items, and ensure your policy reflects their current worth.
Find out more about underinsurance here
Valuations
- Regular valuations help ensure your cover reflects current replacement or rebuild costs.
- Jewellery and watches should typically be revalued every three years.
If you need assistance arranging valuations and would like to be referred to one of our specialist valuation partners please contact us.
It is crucial to ensure your insurance arrangements are accurate and meet your current needs. By proactively managing your insurance arrangements, you can reduce risks and potential disruption in the event of claim, allowing us to present a stronger case to insurers at renewal.
Please contact your usual account executive should you have any questions regarding your insurance arrangements.
At PK Partnership we’re here to guide high net worth individuals and business owners through the insurance process and ensure you’re fully protected. Find out more about private client insurance here.
Contact Us
Should you have any questions or to obtain a quotation please contact us on
020 8681 4994.
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