Insurance Post

Increasing number of homeowners overestimating value of possessions

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Homeowners are spending more on insurance premiums than necessary because of unrealistic valuations of their possessions, according to data from the specialist financial services provider Wesleyan.

It found 41% of the 1354 people who received a ‘walk through' appraisal of their homes as part of Wesleyan's private clients insurance service had overestimated the value of their possessions, up from

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