![Insurance Age](https://nginx.production.bb8-insuranceage.uk3.amazee.io/sites/default/files/styles/print_logo/public/2021-11/print-logo.png?itok=F0kVQKky)
Underinsurance concerns mount as HNW clients cut cover – Ecclesiastical
![hnw hnw](/sites/default/files/styles/landscape_750_463/public/2019-10/hnw.jpg.webp?h=9c040e70&itok=A61Mmdfn)
Follow-up research among brokers by Ecclesiastical has pinpointed growing worries of high-net-worth underinsurance with a quarter of clients having reduced cover during the past year.
The insurer surveyed 100 brokers finding 29% believe all HNW clients are underinsured, up by 4% on a similar poll one year ago.
UnderinsuranceAreas where HNW clients are most underinsured according to brokers surveyed by Ecclesiastical:
Buildings (66%)Jewellery (62%)Contents (59%)Watches (53%).In the latest investigation, the top reasons why brokers think HNW clients are underinsured were out-of-date valuations (76%) and lack of awareness of the value of their property and possessions (74%).
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk