PI Insurance placement gets tougher

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Facing exacting questions at renewal is proving the order of the day for firms seeking to renew their Professional Indemnity (PI) cover, particularly for design and construction businesses. Brokers need to respond to this by being more alert than ever to the requirement to ask the pertinent questions to which insurers expect answers.

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Property rebuild costs

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Rebuild costs are NOT the same as a property’s market value or your council tax band’s valuation. The market value is often higher than the rebuild cost because it includes the land on which the property sits.

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