Blog: Underinsurance - how brokers can avoid it
To get the right answers you have to ask the right questions. This is true in most avenues of life. It is never more true than when setting insurance cover. Without the correct advice, it is difficult to be accurate in the sums insured. Mark Pierce, operations director at high-net-worth claims specialists Criterion, offers brokers useful advice on how to avoid underinsurance.
Brokers used to make site visits as a matter of course. When visiting the policyholder’s home, it was easy for the broker to notice a new extension to the building and to remind the insured to
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