Rawlinsons Musing #3
Are your insurance replacement values keeping up with escalation?
Over the years, while preparing insurance replacement valuations, we've noticed that some existing policies may overlook escalation costs during the insurance period. These are the cost increases that can occur between the policy start and end dates, this is particularly relevant given the significant escalation seen over the past five years.
If your policy doesn’t account for this, you may find yourself underinsured should an incident occur late in the policy term.
