Stepping onto the property ladder is becoming increasingly difficult and figures suggest many millennials will rent for the rest of their lives. This means that it’s a good time for property owners to sustain their venture or expand their portfolio, especially with the current availability of Buy-to-Let mortgages in place.
Is your commercial property insured for the right amount?
Are you underinsured? Data from RebuildCostASSESSMENT.com shows that, after assessing more than 2,000 commercial properties (from shops, hotels, offices and factories) that more than 85% of commercial properties are not insured for the right amount. The estimated underinsurance total for all UK commercial properties is £340 billion.