PROPERTY INSURANCE

The correct and appropriate insurance or re-insurance of property assets is critical.

This is especially so in high inflationary periods of time (such as experienced recently) when the construction cost of replacing property may be inadequately covered by outdated insurance policies.

The last 2 years have seen a rapid increase in the cost of rebuilding, and this has led to unexpected financial duress when property assets have been destroyed by insurable risks however the level of policy cover, and pay-out, at time of disaster was vastly inadequate to enable the owner to replace the building.