Underinsurance is still an issue

26 June 2023

Our high-net-worth claims specialist Fabrice Watson shares his views and talks about how you can help your clients.

The prices and values of precious items change - often upwards. While there may be existing valuations, these can quickly get out-of-date so it’s important they are kept up to date and carried out by an approved valuation company.

In this short video, Fabrice looks at:

  • How upward pressure on item values is causing an increase in underinsurance risks
  • What simple steps you can take to minimise this risk with your clients
  • How our Claims Promise makes the process quick, easy and as pain-free as possible.

Fabrice Watson Cert CII - Claims Team Manager

Fabrice Watsonn

Fabrice is a specialist Fine Art and High Net Worth claims professional with nearly 20 years’ high net worth experience. He re-joined Ecclesiastical in 2018 to develop broker relationships and drive operational excellence for Ecclesiastical’s Art & Private Client business. He returned from Covéa where he worked in their High Net Worth Claims team, having previously led Ecclesiastical’s Heritage Residential Claims Team.

Outside of insurance, Fabrice enjoys road cycling, watching football and cooking up culinary delights (or not!) in the kitchen.

This guidance is provided for information purposes and is general and educational in nature and does not constitute legal advice. You are free to choose whether or not to use it and it should not be considered a substitute for seeking professional help in specific circumstances. Accordingly, Ecclesiastical Insurance Office plc and its group companies (“Ecclesiastical”), InsureTV Limited and its group companies (“InsureTV”), shall not be liable for any losses, damages, charges or expenses, whether direct, indirect, or consequential and howsoever arising, that you or any third party suffer or incur as a result of or in connection with your use or reliance on or action taken (or not taken) by any other party, caused by that or any other person’s use of or reliance on the information provided in this guidance, except for those which cannot be excluded by law.

In viewing the guidance, you acknowledge that over time the information provided may become out of date and may not constitute best market practice, that it is subject to change and new editions may be issued to incorporate such changes and that Ecclesiastical and InsureTV have no duty to provide such changes.