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A simple guide to underinsurance

At a glance

  • Underinsurance remains one of the insurance industry’s greatest challenges
  • Brokers can play an important role in helping to eliminate underinsurance by offering their customers the correct support and guidance
  • We have produced a quick guide to underinsurance which you can share with your customers

Underinsurance can lead to reduced claims settlements for customers and can make it significantly harder for them to recover following a loss.

Despite the gravity of its consequences, underinsurance remains a major problem for the insurance sector.

We have produced an infographic, for you to discuss and share with your customers, which explains some common causes of underinsurance – and some of the potential solutions.

To find out more about how we can help you eliminate underinsurance in your book of business – including by using tools such as the BI Calculator – speak with your local Zurich contact.

For more information on the issue discussed in this article, please get in touch with your local Zurich contact.

You can also find out more and access helpful guides and insight with our new UnderinsuranceFire and Flood Risk Resources.

Blue infographic of city scape

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