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Three quarters of professionals undervalue property and possessions

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Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.

Data for 2014 shows customers undervalued the contents of their homes by almost two thirds (61%), on average, compared with 47% in 2013.

Conversely, a quarter of customers overestimated the value of

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