Lunchtime CPD December 2017 - Property Underinsurance

Best Western Royale Hotel
Wednesday, 13 December 2017
12:30 pm – 2:00 pm
    • Lorna Harrington , Director, Barrett Corp & Harrington Ltd

Event Overview

The song says ‘The foolish man built his house upon the sand’. Are your property owner clients basing their insurance purchase on a shaky foundation? In the event of a major loss, an inadequate sum insured could result in the policy not responding as expected. In the worst-case scenario, the application of the Insurance Act could find that the underinsurance was ‘reckless’ and the policy be voided.

This session will give insurance professionals vocabulary to discuss and try to highlight possible underinsurance with policyholders. Statistics regarding underinsurance will be shared, as well as case studies that could then be referred to when discussing the insurance purchase. The session will also offer guidance on critically reading a valuation report and in the selection process of an appropriate surveyor/ valuer for a policyholder.


Lorna Harrington BA(Hons), MA, PGDip ConsHistEnv (RICS),
Director, Barrett Corp & Harrington Ltd

Lorna Harrington started her career as a Lloyds broker, she then worked at Chubb Insurance as an appraiser personally assessing over 1000 properties in her time there. She moved on to AIG to head up the risk management and valuations for the Private Clients team before moving to the pre-loss department at Cunningham Lindsey. In 2006 she became one of the founding directors of BCH. BCH are a specialist surveying practice which brings together the combined knowledge of surveying, insurance and loss adjusting to provide RICS compliant insurance reinstatement cost assessments for a wide range of clients across all sorts of property.

Learning Objectives.

At the end of the presentation attendees will be able to:

  • Understand the importance of insuring a property for the correct value.
  • Understand the difference between Declared Value and Sum Insured
  • Spot the tell-tale signs of possible underinsurance.
  • Discuss with property owners the reasons why there may be underinsurance.
  • Understand the different valuation methods and be able to advise on the most appropriate for a client.

To secure your place and free lunch, please contact Robin Giles,, by Friday 8th December

If you have any special requirements e.g. regarding diet, access, hearing etc., please let us know when booking your place.

A certificate of attendance is available, if requested at the time of booking. These will be mailed to participants after the event.

Please ensure your email address is kept up to date with the CII website and that you allow the CII to contact you.

CPD Lunchtime Events - Diary Dates


10th January Renewable Energies Best Western

14th February GDPR Best Western

14th March Cyber Best Western

18th April AGM & Fake or Fortune (Art) Best Western

9th May - Soft Skills - Best Western

23rd March Annual Dinner at AFC - Contact the President for sponsorship and bookings

  • Best Western Royale Hotel
  • 16 Gervis Road
  • Bournemouth
  • BH1 3EQ
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CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at