10/06/2026
Why Just Having Insurance Isn’t Always Enough:
At Unity Insurance, we speak to clients every day who believe they’re properties are protected with their current insurance. But what happens if a claim is made and the cover in place doesn’t reflect the true rebuild or replacement cost?
This is where underinsurance becomes a serious issue.
Underinsurance occurs when the amount you’re insured for is less than what it would actually cost to rebuild or replace the insured asset. This is especially common with buildings cover, where rebuild costs can rise significantly over time due to inflation, materials, labour shortages, or changes in regulations.
Our responsibility is to make sure that our clients have the right cover. That’s why we aim to proactively raise the topic of underinsurance during renewals and raise awareness of this topic.
So, let's chat and see how we can help you🤩