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The Risks of Being Underinsured in the UK

Skimping on building and contents insurance might seem like a money-saver—until disaster strikes. Being underinsured is a common pitfall for UK homeowners and renters. Here’s what it means and why it’s a risk you can’t afford.

What Is Underinsurance?

It’s when your policy doesn’t cover the full cost to rebuild your home or replace your belongings. If your coverage is too low, you’ll be left paying the difference out of pocket.

The Consequences

Imagine a fire guts your home. Your building insurance caps at £100,000, but rebuilding costs £150,000—you’re £50,000 short. Same goes for contents: undervaluing your stuff means a smaller payout.

How to Avoid It

Calculate your rebuilding costs (not market value) and inventory your possessions accurately. Compare policies at Compare100.com to ensure you’re fully covered.

Final Thoughts

Underinsurance can turn a bad day into a financial nightmare. Don’t take the chance—head to Compare100.com today and find a policy that protects everything you’ve worked for.

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