ACCOUNT_FIRST_NAME ACCOUNT_LAST_NAME

ACCOUNT_JOB_COMPANY

Current Date: 04 May 2024

Dear Sirs/Madam,

Unfortunately, our efforts to encourage household policy-holders to revise the sums insured to take account of inflation have been poorly supported. In the past few years, REASONS. In some recent claims research shows that the amount of underinsurance has been well over X%.

In this situation, we have been reluctantly compelled to introduce in all household insurance a provision automatically increasing the amount of cover at each renewal of the policy. The increase, currently RATE, will be reflected in the amount of premium payable. Allowance for this will be made in your next renewal notice.

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