Wesleyan warns of under insurance risk

Wesleyan has launched a new service for its professional customers to help ensure that they have the correct level of home insurance cover. Wesleyan's Private Clients Insurance service now includes a free 'walk-through' home valuation after new statistics show that up to 70%* of professionals have inadequate cover levels.

According to the Birmingham-based mutual, a leading provider of tailored financial advice and products to doctors, dentists, lawyers and teachers, the majority of professionals fail to appreciate the value of their home contents and often forget to re-assess cover levels to include valuable new purchases.

Wesleyan believes that Private Clients is the first insurance service in the UK to offer free personal valuations to customers**.

Mark Lee, Business Development Manager for Wesleyan's Private Clients Insurance said: "Our professional customers are time poor and don't always have the time to review their insurance cover. As a result they are often under insured and leave themselves exposed if something should happen to their home. This service takes away the hassle of calculating contents cover by leaving it to an independent valuation professional who will visit at a time that suits the client.

The new valuation service has been launched following the successful first year for Wesleyan's Private Clients Insurance, which has seen an eight-fold increase in demand since re-launching in 2010.
   

* Statistics provided by Wesleyan valuations partner Lyon & Turnbull

** terms and conditions apply