People in the UK are not having their jewellery regularly valued and are at risk of finding themselves underinsured. A new study from Halifax Home Insurance found that homes across the UK have a total of £52 billions worth of jewellery, much of which is probably not covered by insurance policies .
The research found that even though five million people in the country have jewellery worth over £5,000, around 35 per cent have never had an evaluation of their collection and ten per cent have not had a valuation in the last decade.
Martyn Foulds, a senior claims manager at Halifax Home Insurance, commented: "It seems many people with expensive jewellery collections may be selling themselves short by not getting their articles valued fully and insured for the correct amount."
He also advised that people who wear particularly valuable items outside the home every day to ensure that they were fully insured for loss, damage or theft when outside their property .




