Analysis suggests that many UK homeowners don’t have the correct level of insurance, regardless of their property’s value. According to the research, most Brits are either paying too much or too little for their home insurance. Concerningly, only 7% of UK properties are accurately insured, while 70% are underinsured and 23% are overinsured. Understanding rebuild costs The level of cover you need is based on the hypothetical cost of completely rebuilding your home if it was completely damaged. This helps the insurer to ascertain the maximum amount they would need to payout in the worst-case scenario. The rebuild cost can often be confused with the sale price of your home, but these are very different figures - for insurance purposes, you need to consider the price of labour, materials and other associated costs. Lower-value properties Owning a lower-value home does not necessarily mean it’s easier to insure accurately. In fact, these properties are the most likely to be uninsured – the research shows that 78% of properties insured for between £250,000 and £750,000 do not have sufficient cover in place. This shortfall is often because homeowners rely on rough estimates of the rebuild costs, rather than obtaining a professional assessment. Over time, rising construction costs could cause this shortfall to widen further, increasing the amount that the policyholder has to pay in the event of a claim. Higher-value properties At the other end of the market, overinsurance becomes more common as sums insured rise. Among properties insured for between £5m and £10m, 49% are overinsured, while 41% are uninsured. This suggests that, as property values rise, homeowners become more cautious about underinsurance and, as a result, overestimate rebuild costs. While this approach may feel safer, it can lead to unnecessarily high premiums. Expert opinion Johnny Thomson, Head of Strategic Planning at RebuildCostASSESSEMENT.com, commented, “These findings reinforce the need for regular rebuild cost assessments at every level of property value. Accurate valuations remove uncertainty, support better decisions, and help ensure claims outcomes meet expectations.” Seek advice It doesn’t matter how much your property is worth – the research indicates that inaccurate insurance is a problem across the board. Seeking professional advice now could save you from paying more than you need or prevent an expensive surprise when you make a home insurance claim. Get in touch with us to review your level of cover. As with all insurance policies, conditions and exclusions will apply Sources: https://www.rebuildcostassessment.com/post/why-insurance-accuracy-fails-at-every-level-of-property-value

Recent research has found that half of UK homes increased in value last year. According to Zoopla, 15.2 million properties gained value by an average of £9,900 in 2025. Within this group, 3.1 million homes saw particularly strong growth, rising by more than £20,000. In contrast, 9.1 million households saw a decrease in value by an average of £10,800. In England, the North West recorded the highest proportion of homes rising in value (72%), followed by the North East (67%). The South West reported the largest share of homes losing value (46%), closely followed by the South East (44%). Despite some areas dropping in value, the longer-term picture is more positive for households across the UK; between 2020-2025, the average seller saw their house increase in value by an average of 20%. Source: https://business.zoopla.co.uk/half-of-all-uk-homes-gained-value-in-2025

A survey has found that many homeowners don’t review their protection cover when remortgaging. Only 18.6% of respondents said they properly reviewed their protection when they remortgaged, while 64% did a cursory check and 17% did not review their cover at all. This suggests that many UK homeowners may have policies that no longer meet their needs due to changes in income, lifestyle and family circumstances. As a result, some households could find themselves in a vulnerable financial position if they were affected by death or illness. Take a moment to review your cover now – it could be a vital safety net in the future. As with all insurance policies, conditions and exclusions will apply. You may have to pay and early repayment charge to your existing lender if you remortgage Source: https://www.vitality.co.uk/media/speculation-of-spring-rate-cuts-drives-expected-remortgage-surge/

It’s important to ensure that you and your family have the right level of protection, without paying more than is necessary. Everyone is different and will require their own amount of protection cover to reflect their specific needs. It’s therefore strongly recommended that you work with a professional adviser like ourselves who can source a policy that is tailored to you. The cost of your protection will depend on a range of factors, including your health, the amount of cover required and the policy term. If you’re concerned about affording cover, it’s important to consider what is most important to protect. For example, life insurance is essential for families – it can give you peace of mind that your partner and children would be financially supported in the event of your death. However, someone who doesn’t have dependents might choose to prioritise income protection insurance, so they have a safety net if they are unable to work due to illness or injury. Circumstances can easily change, so it’s important to review your policy regularly. As your needs evolve, we can help you to adjust your policy accordingly. As with all insurance policies, conditions and exclusions will apply. Source: https://www.moneyhelper.org.uk/en/everyday-money/insurance/how-much-does-protection-insurance-cost

Insurers paid out a record amount in property claims last year, but the average cost of home insurance declined in Q4. According to the ABI, claims payouts reached new highs last year, costing home insurers a total of £6.1bn. This is mainly due to a rise in storm and flood damage, with weather-related claims accounting for £1.2bn of payouts in 2025 (14% more than the previous year). Within this, storm payouts totalled £244m, up 32% annually, with the average payout reaching £2,450. Despite this, the average price of home insurance declined by just over 1% in the final quarter of 2025. While this will be a relief for policyholders, premiums are still an average of £29 higher than in Q4 2023. As with all insurance policies, conditions and exclusions will apply Source: https://www.which.co.uk/news/article/whats-happening-to-home-insurance-premiums-a3EjJ5O6GVvP