The problems of under insurance in Personal Lines insurance products
This webinar, delivered by Alan Chandler, one of the most popular presenters in the UK, examines the challenge of making sure personal lines policyholders avoid under insurance.
Where the insured has to provide a building sum insured, only 10% of policyholders in the UK get this correct, we can therefore see there is a major issue of under insurance.
Alan will look at what needs to be taken into account in respect of setting the correct buildings and contents sums insured, including personal possessions away from the home. The webinar will then explore the consequences for the policyholder for failing to insure adequately.
Learning Outcomes:
Delegates will be able to:
- Understand what needs to be taken into account when setting a household building sum insured.
- Understand what needs to be taken into account in respect of contents sums insured including personal possessions away from the home.
- Understand how under insurance can occur and the consequences of this for the policyholder.
