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UNDERINSURED PROPERTY


Broad Risk Insurance Brokers QLD Blog post
The current increase in building costs has led to a significant gap between the insured value of properties and their actual rebuilding costs. This underinsurance can have severe consequences for businesses in the event of a loss. It is crucial for clients to obtain accurate valuations of their property to ensure they have adequate coverage. Market statistics reveal that approximately 80% of commercial properties are underinsured, leaving businesses vulnerable to financial losses. Please refer to our additional services page if you would like to find out more about getting your property valuation.
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