Underinsurance can have unexpected and severe consequences for some businesses
Many businesses make understandable mistakes when trying to determine their plant and machinery sums insured
Setting the correct sum insured requires careful consideration of a number of factors, and a thorough knowledge of the policy terms
For businesses that rely on key equipment, underinsurance can have unexpected and severe consequences. Simply using the purchase cost for valuing assets is a mistake made by many, resulting in inaccurate sums insured and inadequate claim settlements.
Want to know more? Simply click here or contact Real Insurance Solutions on 01223 528945 where our trained team will be pleased to help you