Make sure you are insured for the right amountInsurance can be complicated. When it comes to insuring your thatched building, something called the Average Clause can easily catch you out. But don't worry! We're here to help explain the problem and put it right easily and affordably.
If the amount you insure your building for is too low, then the Average Clause can significantly reduce how much you can claim. If you insure too high, you end up paying your insurer too much.
Unfortunately, it's your responsibility to tell your insurer how much your building should be insured for. However, property owners aren't property reinstatement experts. But we are! 'Regulated by RICS' we use our knowledge and experience to give you a reliable 'rebuild cost', which is the amount you should always insure your building for.
|