Insurance Post

Increasing number of homeowners overestimating value of possessions

Mid-net-worth lounge

Homeowners are spending more on insurance premiums than necessary because of unrealistic valuations of their possessions, according to data from the specialist financial services provider Wesleyan.

It found 41% of the 1354 people who received a ‘walk through' appraisal of their homes as part of Wesleyan's private clients insurance service had overestimated the value of their possessions, up from

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