The Insurance Act 2015
This law came into force for all businesses that took out new insurance policies, renewed existing ones or made any amendments. It is the biggest change to UK insurance law for over 100 years, so we have pit together a few documents to help explain the changes.
If the sum insured is less than the real, up-to-date value of the thing you are insuring- then that is underinsurance. Underinsurance can have devastating impact on businesses and individuals, so we have put together a few documents of guideance.