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Case Study - Over Insurance
A substantial modern property over insured by €800,000
The property
Chubb's appraiser evaluated a detached property, built in 1992, in a sought after
area of Dalkey. It had an indoor heated swimming pool, limed oak wall panelling,
hand crafted kitchen and high quality interior decoration throughout the home.
Original insured value
Previously insured for €2.1 million - a figure based on the market
value of the property, and not the rebuild cost.
Chubb's insured value
Our appraiser estimated the rebuild value to be €1 million, resulting
in a considerable saving on the annual insurance premium.
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