Under-insurance a risk for wealthy

She says that doing a full valuation at the inception of cover means that the insurer can provide a correct valuation and the client pays the correct premium for the insurance that they have. Fourie says it also improves claims handling and it removes the need for the insured person to prove ownership of the goods.

Read more:

• High net worth group at risk of underinsurance
  
• Insurance gender discrimination (video of interview with Christelle Fourie)