Firstly, are you aware of the Average clause?
No? Well insurance can be complicated.
After all, it’s a contract and contracts are always full of conditions and clauses.
When it comes to insuring your building there’s one clause you really need to know about, because THIS CLAUSE can cause big problems if you ever need to make a claim.
It’s called THE AVERAGE CLAUSE and put simply, it means if you insure your building for an amount that’s too low, your insurer can reduce how much they’ll pay out. It’s your insurer’s way of making sure you only get what you pay for.
Here is a short video to further explain the average clause,
Put your buildings insurance right by talking to us today.
Call us on 0161 772 3382 or click here to request a call back from a member of our team.
There is only one way to make sure you don’t suffer the consequences of the Average Clause and that’s to make sure you insure your buildings for the right amount. And the only reliable way to do this is use a ‘Regulated by RICS ’ property professional who knows all about rebuilding costs.
With rebuild costs rising rapidly as construction costs increase you could be significantly underinsured if you have not reviewed your sums insured recently. For example:
There are numerous reasons but some of the main factors point towards the following areas:
Put your buildings insurance right by talking to us today.
Call us on 0161 772 3382 or click here to request a call back from a member of our team.