01/06/2026
Many clients assume their sums insured are accurate simply because they have been renewed year after year. Unfortunately, that often isn’t the case.
In this video, Francesca Orme F.G.A, D.G.A speaks with Senior Valuer Alastair Meiklejon MNAVA FRSA about the realities of underinsurance, changing replacement costs, inherited items, and the gaps that are frequently uncovered during valuation work.
It’s a useful watch for brokers dealing with high net worth clients, particularly where collections, jewellery, watches, fine art, or general contents have evolved over time without a detailed review.
The conversation also covers:
• Why replacement value differs from market value
• Common misconceptions around valuations
• The risks of outdated figures and blanket indexing
• How Walk Through Valuations can help identify exposure before a claim occurs
📽️ Watch the full discussion here:
https://www.youtube.com/watch?v=AXsRfuP9Vy4&t=17s
📖 We’ve also produced an abridged article version if you would prefer a shorter read: https://doerrvaluations.co.uk/2026/05/27/what-are-valuations/
Why are valuations so important? How does underinsurance happen? And what do clients often overlook when it comes to protecting their collections and contents?