Aviva’s latest Broker Barometer has revealed 68% of brokers believe clients may be underinsured which while still high has eased slightly.
A year ago 73% of brokers were concerned that some of their clients may be underinsured.
The insurer polled 251 brokers in March. Respondents stated that just over a quarter of businesses (28%) regularly use a survey to arrive at their valuation.
Of the remaining businesses, 59% ‘sometimes’ use a survey, with one in eight (12%) rarely or never using a survey.
Shortfalls
In partnership with BCH, a specialist in reinstatement costs, Aviva conducted a review of 85 buildings’ declared valuations before
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