All the items that would fall out if you had to turn your house upside down, are the items that have to be covered in your household contents insurance policy at the current replacement value. Thus, if you only include certain items in your policy, neglect to update the value of the items in your policy to reflect their current …
Iemas Insurance Brokers defines underinsurance and highlights top tips to avoid this insurance pitfall
Just because you have a short-term insurance policy, does not necessarily mean that you are adequately covered. Many people make the mistake of taking out household insurance that only covers certain household items or neglect to amend the value of their cover as the cost of replacing these items increase year on year. “The challenge when you then claim is …