Underinsurance has always potentially led to difficulties at the time of a claim, and in the current economic climate, customers are looking to make savings and are not easily persuaded to keep their sums insured under review. When a claim is adjusted for underinsurance, the broker can often find himself having to defend a PI claim which may follow.
Our session looks at the levels of underinsurance regularly encountered by Loss Adjusters for both material damage and business interruption claims, why underinsurance is such a problem, and the impact upon brokers' professional indemnity policies.
