Are Soaring Precious Metal Prices Leaving You Underinsured?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 28, 2010 -- With prices of precious metals and stones at all time highs there is significant upward pressure on the price and value of watches and jewellery.

For many, personal jewellery is now worth considerably more than its purchase price or even a valuation undertaken this time last year. Gold prices have increased by 25%* since January 2010 on top of similar increases throughout 2009. Platinum too has experienced rapid and significant increases, registering a 27%* increase since January 2010.

The jewellery and watch market will continue to react to ever increasing material and gem prices and it is anticipated that prices will increase further during 2010. Diamonds are supposed to be forever. But just in case they’re not, it’s best to make sure you can replace them. It is advised you to check the contents of your safes and jewellery boxes to ensure that you have adequate cover and to regularly revalue all your ‘high-risk’ items.

By reviewing the value of individual items at least every two years and updating your policy as necessary, you can eliminate the risk of being under or over-insured. For an independent valuation, please contact specialist suppliers.

Home & Legacy provides buy to let home insurance, second home insurance , buy to let home insurance , specialist car insurance and travel insurance policies at competitive rates to exclusive high net worth individuals.

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