The gold rally has become a problem for everyone

Описание: The price of gold has risen significantly since the start of 2024, but many homeowners in the UK are unaware that this surge could leave them underinsured. In this video, I explain why your jewellery and gold items might now exceed your insurance policy's "single item limit" and what you can do to protect yourself. 🏠💍

I explain the "Average Clause" - a little-known rule that allows insurers to reduce your payout if you haven't accurately valued your possessions - and why a professional valuation is now more important than ever.

In this video, you will learn:

📈 How the rise in gold prices impacts your home insurance
💍 What a "single item limit" is and why it matters (usually £1,000 - £1,500).
🏠 The dangers of the "Average Clause" and how it can cut your payout in half.
🔒When you are required to use a professionally installed safe for your valuables.
🔎How to find a qualified valuer through the National Association of Jewellers.

00:00 - Are you underinsured on your home insurance policy?
00:17 - The impact of Gold price increases
00:51 - Home Insurance: The value cap explained
01:09 - Home Insurance: Average clause explained
01:43 - Why you should get your valuable items valued for home insurance purposes
02:13 - Home Insurance: The safe clause explained
02:55 - Things to check on your home insurance policy

Don't wait until you need to make a claim to find out you aren't fully covered. Ensure your valuables are protected according to the latest market values.

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