Am I required to declare all of my valuable items such as jewellery or electronics?
No. Our policyholders are only required to declare items that are worth more than £1,500 and are defined as ‘valuable’. Items we consider to be ‘valuable’ are as follows:
- Stamp collections, coins and medals
- Pictures, sculptures and other works of art
- Gold, silver and other precious metals and stones
Please note that our insurer may require proof of valuation for items worth over £1,500 in the form of a purchase receipt within the first few weeks of your policy. This is to ensure that any claims you make are not unnecessarily delayed or rejected.