How to set correct property, stock and contents sums insured in a high inflation world.

Wednesday, 19 April 2023
1:00 pm – 2:00 pm (UK time)
    • Alan Chandler

How to set correct property, stock and contents sums insured in a high inflation world.

It is estimated that at least 80% of policies have incorrect sums insured! This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoid the under-insurance trap. Under insurance has been made considerably worse now that we are seeing UK inflation go into double digits, and this is something all insurance staff need to be aware of.

The presentation, delivered by Alan Chandler one of the UK's most popular insurance presenters, will look at what clients actually need to take into when settling Buildings, Contents and Stock sums insured. Alan will explore why under insurance is so common, the effects of under insurance for the client, and why the current environment of high inflation, leading to significant under insurance, is an increasing cause of Professional Indemnity claims against brokers. Unfortunately, high inflation is likely to be with us throughout 2023 due to continuing challenging global events and clients need to make sure they get their sums insured right because they will get checked by loss adjusters in the event of a claim.

One of the problems is that the figures on the client’s balance sheet are not the same as those required for insurance purposes and Alan will point out the differences so that clients can be warned.

Learning Objectives

Delegates will be able to:

  • Understand what needs to be taken into account in respect of Buildings, Contents and Stock Sums Insured.
  • Understand why there is a difference between the figures for accounting purposes and the figures for insurance purposes.
  • Understand the effects of under insurance for clients and how to aid them in mitigating their exposure to under insurance in a high inflation environment.

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