According to a recent study by the Halifax there is over GBP50 billion worth of jewellery in UK homes, with each house having just under GBP2,000 worth on average.
Although the average figure is around GBP2,000 there are around 5 million homes where there is over GBP5,000 worth of jewellery and surprisingly the Halifax has found that over a third of them have never had their items valued. This is an important aspect since valuables should be listed individually on home insurance policies to ensure they are covered.
Geographically the places with the most jewellery in their homes are Preston and Milton Keynes so they are urged to make sure they have their items valued said a Halifax spokesman. This way they will know their home insurance is doing the job it is supposed to do.
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A study by Zurich Insurance has revealed that over 15 percent of property owners have had to get proper tradesmen in after struggling to do it themselves.
The biggest reason these people had for going down the DIY route was saving money, with a third of people citing this reason. However Zurich Insurance found that they typical cost of making right the damage caused came to GBP280. Home insurance knowledge was a little shaky on the subject too, with almost 75 percent of people not knowing if DIY disasters would be covered.
Also regarding home insurance the Zurich Insurance survey found that nearly half the respondents would not think to inform their insurer if major improvements to the property were to be made.
Get a great quote on Zurich Home Insurance today.
Top UK retail outlet Argos works with Allianz Cornhill to offer the dedicated Argos Insurance that is available to protect the large quantities of furniture and other items sold by the retailing giant.
The latest development in the ongoing relationship between the two companies gives customers the peace of mind offered through a repair and replacement programme, meaning customers know that the investment they have made in their home furnishing will last a reasonable amount of time. Argos and Allianz Cornhill already work together providing insurance cover for jewellery and mobile phones. Although the sizes of the product is much larger when it comes to furniture the basic principle in insuring them is exactly the same.
Both parties feel that the provision of Argos Insurance cover being extended in this way will be beneficial to the consumer as well as the two businesses. They also see it as the continuation and progression of what is seen as a very good working relationship.
