As an insurance broker, we wish to provide you with crucial information pertaining to your insurance portfolio. We believe this advice will spare you any possible frustration and disappointment when dealing with and determining your replacement values, and will help you make sense of underinsurance and the calculation of average. This infographic that explains these important insurance concepts in more detail.
When determining the replacement values of your assets, please ensure that you work with the current values of these items. These values should be revised regularly.