✉news ScienceScience first seen 2 h ago, last 2 h ago, peak #37
Study finds insurers' own rebuild estimates drive underinsurance
Original: Insurers' own rebuild estimates are driving most underinsurance, study finds
A new study finds that insurers' own rebuild cost estimates are the main driver of underinsurance, meaning many policyholders are left with cover that falls short of actual rebuilding costs. The finding points blame away from consumers and toward the valuation methods insurers themselves use to set sums insured.
Why now: A newly published study shifts responsibility for a long-standing consumer problem onto insurers' own practices.
Evidence
- Insurers' own rebuild estimates are driving most underinsurance, study finds · Insurance Business
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