Marsh Commercial: Rising building costs bring underinsurance risk

Is your property fully insured?

For property owners and investors – buildings insurance should provide a crucial safety net, protecting property assets against unforeseen events. But recent research has found that 80% of UK properties are underinsured.1

So what is behind this alarming trend? It boils down to a number of issues, including:

  • inaccurate property valuations
  • rising construction costs
  • indexing and day one uplifts in cover lagging behind.

With that in mind, property owners – particularly high net worth residential and commercial properties – should act now to review buildings insurance policies, paying particular attention to the accuracy of rebuild costs and sums insured.

Help is at hand

We work with RebuildCostASSESSMENT to offer our clients the peace of mind that comes with accurate insurance valuations based on multiple data sources. Find out about our rebuild cost assessment services.

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Need expert advice?

Get in touch with our insurance experts. Call Leah Gregory on 07385 482545 or email

RebuildCostASSESSMENT – Infographic 2021