Sum insured is an extremely important aspect of a contract of insurance. Companies suffer substantial financial losses on account of under insurance.

Under insurance becomes apparent only at the time of claim settlement. Insurance can provide full protection only when the sum insured is adequate at inception, during the period of policy and at renewals.

Adequacy of the sum insured is important to protect the interest of the stakeholders in the insured entity. When you have a claim, you would want to avoid the perils of under insurance. This is where asset valuation done by a trusted and professional valuation firm like 3V PRO makes a world of difference.