Are your insurance policies current and up to date?
Insurance covers unforeseen events like fire and storm damage. However we don’t want a disaster like these events to occur only to then find out that we don’t have the correct or adequate insurance cover.
Under insurance can also occur when the policy sum insured is far below what the actual property value is. If this sum insured is low enough, claims can be reduced by the amount of under insurance that exists, so it pays to consult with your insurer to ensure that your landlord building insurance provides the maximum protection and also that the sum insured is adequate.