Analysis

Rising material costs prompt underinsurance warning

By Jon Guy 2021-11-29T09:46:00

steel prices

Issues within global supply chains are pushing up the prices of raw materials, leaving brokers forced to increase policy limits to ensure repairs and rebuilding work is covered by insurers

The UK insurance industry is buckling under the soaring price of raw materials, which is threatening to plunge millions of policyholders into an underinsurance black hole. Journalist Jon Guy explores the key issues and market response.

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