Thursday, February 18, 2010
Category:
Personal Finance Tips
According to Sheilas’ Wheels, two thirds of women have lost jewellery and one fifth have fallen victim to jewellery theft.
According to Sheilas’ Wheels, two thirds of women have lost jewellery and one fifth have fallen victim to jewellery theft. Combined with the fact that the nation’s jewellery boxes are worth an estimated £40.5 billion, Sheilas’ Wheels home insurance has offered some tips on protecting any Valentine’s Day jewellery.
- As soon as you leave the jewellers, be sure to add ‘personal possessions away from the home' cover on your home insurance in case it is lost or stolen. However, be careful not to double up on cover by paying for an in-store policy that is not required.
- If your jewellery is worth in excess of £1,500, you may need to inform your home insurer. Jewellery worth in excess of £2,500 may also need to be valued at set intervals.
- Retain proof of purchase and a certificate of authenticity for your jewellery. Also take (and keep) a close up photograph of it in case a claim is necessary for loss, damage or theft.
- Ensure that rings fit properly to avoid them slipping off and getting lost.
- Do not under-estimate what your jewellery box is worth. Even unworn jewellery should be taken into account when estimating the value of your home contents.
Jacky Brown at Sheilas' Wheels home insurance, said: "Valentine's Day brings with it the excited opening of jewellery boxes and surprise wedding proposals, adding to the ever-growing mountain of women's bling. Although it's easy to be swept away with the romance of the occasion, it's crucial not to forget the importance of insuring your new ring, necklace, bracelet or brooch.
"Not having ample insurance cover straight away could take the romance out of anyone's Valentine's weekend in the event of loss, damage or theft of a new jewellery gift - either at home, whilst out and about or on a mini-break away. All women should remember to make sure that their home contents insurance policy accurately reflects the amount of jewellery they own and that they have adequate personal possession cover in case disaster strikes."
……………………………………………………………………………………………….......
Safety conscious homeowners who are not satisfied with the level security in and around their property could consider rectifying any areas of concern by means of a
secured loan. One of many finance options available, a secured loan for home improvements could be used to replace any weak doors or windows with stronger, modern counterparts for example. Furthermore, external lighting, burglar alarms and closed circuit television could be invested in for enhanced peace of mind. Some borrowers may also wish to have a high fence or wall put up around the perimeters of their property in order to pose an obstacle to would-be thieves and to hinder their views in.
