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Case Study - Over Insurance
A substantial modern property over insured by £700,000
The property
Chubb's appraiser evaluated a detached property, built in 1992, in a sought after area of
Cheshire. 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 £1.4 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 £706,000, resulting in a considerable saving on the annual insurance premium.
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