Home Insurance and Small Valuables

It is important when buying home insurance to make sure your policy includes your smaller valuble items or it could end up being rather costly if trying to make a claim.

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Home insurance should protect valued possessions in your home against loss or theft. This includes day to day valuables such as glasses, rings and expensive accessories which should be protected with good home insurance.

Your home and contents could be underinsured if you do not consider small but valuable items such as your glasses or other accessories when calculating the amount of cover for your home. Whilst home insurance is very helpful in case of loss or damage to large items, such as your furniture, antiques, garden equipment or the building structure of your home – the day to day valuables should not be forgotten.

Small valuables are particularly at risk of theft. Cheap home insurance may require particularly stringent security precautions to be in place before your claim is valid, however most home insurance companies will require you to take a minimum level of precaution to protect your home and avoid theft.

Small valuables could include:

Glasses:
Glasses or reading spectacles should be included on your home insurance policy, as losing them could be an expensive problem. Glasses frames and prescriptions can be a costly investment; once designer frames and lenses are taken into account, a pair of glasses can easily cost several hundred pounds.

Rings:
Rings and small jewellery can easily add up to a significant value. This includes costume jewellery as well as items of, or containing, gold, silver or other precious metals. When calculating the amount of cover you need, you should make a careful inventory and record of all the small jewellery you cherish.

Accessories:
A belt here or a silk scarf there may finish off your outfit, but they can also contribute significantly to the value of your belongings. Whilst you may have a few budget accessories, you may also have a prized handbag or a special pair of shoes of significant value. You should ensure that all your valuable accessories are covered by your home insurance policy.

Once you have taken a full inventory of small valuables in your home, including those easily forgotten extras, you should have an accurate figure for the amount of cover you require. To avoid being underinsured on your home insurance, you should ensure that all small valuables such as glasses, accessories and rings are covered by your home insurance policy.

Company Profile:
John Lewis Insurance offers a range of insurance services selected by the John Lewis Partnership. These include car, pet, life, travel, wedding, event, home and building and contents insurance products.

For more information about John Lewis Insurance please visit the website here – www.johnlewis-insurance.com.

John Lewis plc is an appointed representative of AXA Insurance UK plc, which is authorised and regulated by the Financial Services Authority (FSA).

Terms, conditions, limitations, exclusions and eligibility criteria apply. A full copy of the policy wording and the insurance complaints procedure are available on request.

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