This week, we’re thrilled to welcome Marty Sadlier into the studio to talk with us about a much-overlooked, but really important issue; underinsurance.

“In simple terms, Underinsurance is when the policy holder insures for less than the true value.”

Marty runs a business that our listeners are already familiar with; MCG Quantity Surveying. Alongside his business partner and co-owner, Mike Mortlock, Marty is also firmly across all things quantity surveying. In this podcast, Marty talks openly about a highly problematic and systemic issue that many Australians won’t even realise they are potentially falling prey to.

So what is the history and extent of underinsurance in Australia? It’s a sobering conversation.

Marty and Cate discuss building replacement cost estimation for insurance purposes, the common ways that property owners currently come up with their insurance cover sum and the difference between a QS and Valuer, among other elements.

In his wonderfully passionate manner, Marty shares some real life stories and casts a spotlight on something that every investor should be aware of.

We’re very proud to be able to call Mike and Marty friends of Cate Bakos Property, and more so, a knowledgable pair who freely give so much gold to our property industry.

We hope you enjoy!