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Robert Gerrard

Photo 08-02-2017, 11 23 39

By Sarah McInerney

February 13, 2017

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Could Your Commercial Property be up to 60% Underinsured?

June 3, 2015

According to the Building Cost Information Service, part of the Royal Institution of Chartered Surveyors, almost 80% of commercial properties in the UK could be underinsured by as much as 60%. For a £500,000 property, that could mean a shortfall of £300,000: a very worrying statistic. But what is it that is causing this shortfall? It seems there are two main factors.