Sums insured represent the declared value of property or interests covered under a policy and form the basis for calculating premiums and applying underinsurance provisions like average clauses. Accurate valuation of buildings, contents, and business interruption exposures is critical to avoid coverage gaps, especially in periods of high inflation or supply‑chain disruption. Insurers work closely with brokers, surveyors, and clients to validate sums insured, often using valuation services and data tools to maintain adequacy over time.
Kally Shane has taken the helm at H&H Insurance Brokers after 16 years rising through the ranks
Construction inflation, tougher building standards and high property claims are exposing gaps in sums insured
12-point surge in just one year is forcing insurers to rethink how and where they show up
Financial and operational risks rise for firms underinsured
The latest Middle East flare‑up is more than a geopolitical story for insurers
