HIGH RISK CONTENTS INSURANCE

It’s a fact of life that some of your belongings are more attractive than others to thieves because they’re easily stolen and resold and – usually – because they’re quite high in value. We call these high risk items, and we ask you to specify these on your policy if they’re worth more than a certain amount or if you want them to be covered outside the home.

What are high risk items?

High risk items include:

• Engagement rings.
• Wedding rings.
• Watches.
• Other jewellery.
• Artwork.
• Collectibles such as coin, medal and stamp collections.
• Mobility scooters.

Clocks, furs, gold, silver or other precious metal (including plated) items, guns, medical equipment, and ride on or robotic lawnmowers also count as high risk items.

How do I get insurance for high-risk items?

High risk items individually, or as part of a collection, worth less than £1,500 are covered as standard (except for accidental damage which is optional) on Homeprotect contents insurance policies up to a maximum of £5,000 or 20% of the contents sum insured, whichever is lower, inside the home. 

If any of your high risk items are worth £1,500 or more or if you want them to be covered outside your home, you need to specify these on your policy, telling us what they are and how much they’re worth.

Don’t forget to let us know about any electronic gadgets and bikes worth £1,500 or more you have too.

Getting the value right

When you add high-risk items to your contents insurance, it’s important to make sure that they are properly valued and not underinsured.

Key points

It is your responsibility to inform your insurer of specific items and their value so that you are properly insured and will not be left out of pocket in the event of a claim. Make sure that you:

• Keep the receipts as proof of the purchase price.
• Have valuations updated regularly and store the certificates in a safe place. It is recommended that jewellery is valued every two years by an accredited jeweller.
• Keep a record of your high risk items, with photographs and a description, as these details can help insurers to process a claim more easily.
• Store your valuable jewellery and watches in a safe at home when you’re not wearing them. Never leave valuables on display where they can be seen by opportunist burglars.

When making a claim, bear in mind that you’ll be liable to pay any excess already stipulated under the policy terms and this could be more than the cost of replacing the jewellery or other valuable yourself.

What’s covered by contents insurance?

Having contents insurance means you won’t be out of pocket if you need to repair or replace your belongings after they’ve been stolen, damaged or destroyed.

What we offer

What isn’t included?

Contents Insurance Cover Levels

Our contents insurance is designed to protect your belongings against insured events such as fire, storm, flood, escape of water, theft, malicious damage, subsidence, landslip or heave.