At the end of April the rules regulating how domestic home insurance policies are calculated changed.
Previously, most policies were based on the size of the dwelling, but from the 28th of April, the policies of major home insurers changed, so that the sum insured is now based on how much the property would cost to re-build.
This will mean potential additional costs and risks for the homeowner.
For many homeowners this could have far-reaching implications and mean that some could end-up substantially under-insured…..
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