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Home insurance: Are you underinsured?
When taking out a home insurance policy, many individuals would struggle to answer whether they had accurately valued the buildings and contents they want to insure or the 'sum insured' as insurers commonly refer to it. Underinsurance typically becomes a problem when homeowners or renters are in the stressful situation of making a claim, and they find they have no cover for some of their damaged or lost possessions.
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