Question

The resale value of the property is about €150,000 not €1m – can you please amend the quote price to reflect this?

Answer
We work out the price of your policy based on the type of property you own. Properties are covered up to £1m/€1m, this is to ensure that you cannot be underinsured and do not suffer from currency fluctuations.

You are therefore not paying for the £/€1 million of cover, the price is based on the type of property.