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(From Post Magazine)
The insurance industry continues to face an uphill struggle in the battle against underinsurance - so how far is the problem compounded by one-off possessions like musical instruments or sporting equipment, where individual item limits exist? There is an argument that customers will be more clued up about items they are passionate about; however, many remain blissfully unaware that they may be inadequately insured.
There are several root causes for underinsurance at individual-item level. One of the problems is that customers often fail to read their policy thoroughly. As Robin Williams, director with sports and leisure broker ...