In the picture
A boost in bank balance or personal effects often calls for an update on insurance cover, though homeowners do not always make the connection. Jane Bernstein says high net worth insurers need to tackle underinsurance and reach out to those who may be worth more than they think
The issue of underinsurance is not new for the high net worth industry but current research confirms that it remains a big problem. In the past two months alone, two separate surveys have revealed
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