Don’t leave yourself open to the heartbreak of losing a precious piece of uninsured
jewellery. Items of jewellery can often be covered under a standard contents house
insurance policy for a small additional cost. However, pay attention to limits placed
by the insurance company, as you may have to list high value items separately. This
can typically be for items worth over £750, £1,000 or £1,500 depending on the individual
insurer. There is also likely to be a limit to the amount of jewellery and other
high-risk items that you may insure under most standard insurance policies.
Therefore, in some cases it may be appropriate to insure your jewellery under a stand-alone
policy. TH March are one of the few UK insurers who will insure jewellery separately
for one or more items. Their website can be found at www.thmarch.co.uk. To obtain
a jewellery insurance quote please click on ‘Personal Jewellery Insurance’ and then
choose the option to obtain a quick quote or buy online. Please enter the Jeweller
Recommendation Reference Number of AG168T.
TH March can also give complete home contents cover quotes and quotes for joint buildings
and contents cover. They are particularly competitive where there is a high value
of jewellery to be covered under the policy. Choose the ‘Personal Policies’ option
on their homepage, where you will find the relevant contact details. Please mention
our Jeweller Recommendation Reference Number of AG168T.
It is important to understand that precious metal prices have increased dramatically
over recent years. Therefore, it is imperative that the values covered by your insurance
reflect current rather than historic prices. Trends in metal prices can be seen
in graphical format on www.cooksongold.com. Select ‘Metal Prices’ and then click
on the particular metal in order to view a graph of price movements. This will give
you an idea of percentage movements in prices since purchasing your jewellery, although
take care as the overall prices per gram quoted will NOT reflect jewellery shop prices.
If in doubt as to the value of your jewellery items, either get in touch with us
to arrange a valuation at our premises in Farringdon, London or use a jeweller in
your local area. Prices for this service typically range between 1% and 2% of the
overall value of the pieces valued.