A survey conducted by a leading home insurance company has found that the average home in Britain contains £1,986 worth of jewellery, with a further 11 per cent of people owning jewellery that comes to more than £5,000. In total, there is thought to be around £52 billion worth of jewellery in British homes today.
The home insurance company who researched this have found that there are many people who own very expensive pieces of jewellery but who have not got them insured for the correct amount due to them not being valued properly.
With there being a large amount of people who do wear their costly accessories a lot, the home insurance company have advised people to get especially expensive jewellery valued. This is because a third of the five million Britons who own more than £5,000 worth of rings, bracelets, earrings and necklaces, were found to have never gone to a jeweller in order to get their belongings priced. A further 10 per cent of people were found to have gone to the jewellers, but not for around 10 years. This means that the worth of their belongings could well have changed in that time and without knowing the exact value of their accessories, any insurance claims may be incorrect.
People who wear valuable jewellery are therefore advised to get any particularly expensive items fully insured for the correct amount in case of damage, loss or theft. This is especially relevant if you wear your jewellery frequently whilst outdoors.
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