Homes face under insurance risk by under valuing jewellery

Wed, 03 Feb 2010

British consumers risk leaving their jewellery and other treasures underinsured to the value of around £4.9 billion because the cost of gold has risen by a quarter in the past twelve months, says a leading specialist insurance provider.

The RIAS ‘Golden Age' study found that there are more than 112 million items of gold in homes across Britain, with an average total value of £1,189 per household, giving the total value of gold jewellery and other items owned by UK consumers to be £19.7 billion.

However, almost two thirds (61 per cent) of these gold owners have never had any of their jewellery valued. This means that millions of consumers could be left under-insured, amounting to £297 per household.

Matt Graydon from The World Gold Council observed: "Due to its enduring value gold remains a sound investment for future family heirlooms. If you already own some gold items you may be surprised at how much they are worth and so it's worth looking into a valuation sooner rather than later."
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

UK Home Insurance QuotesHome Insurance

Get the best home insurance deal and learn how to minimise the risk of household burglary.

Car Insurance - Compare Quotes from top UK CompaniesCar Insurances

Find the cheapest Car Insurance quote in the UK and get tips to help reduce your premiums.