There is a serious risk of being under insured with thatched houses, listed buildings and those in conservation areas or of a non-standard
construction. In these cases the true rebuilding cost is often significantly higher than the figure given by standard calculations based upon
floor area. This has lead many insurance companies to put the responsibility on the home owner to state a figure. But if you claim and the loss
adjuster declares the property to be underinsured then the insurers will deduct from their payout an amount equal to the percentage by which the
property is under insured. Because large sums are usually involved, even a small percentage difference can mean a devastating shortfall on the
cost of rebuilding.