British consumers risk leaving their jewellery and other treasures underinsured to the value of around 4.9 billion because the cost of gold has risen by a quarter in the past twelve months, says a leading specialist insurance provider.
The RIAS Golden Age’ study found that there are more than 112 million items of gold in homes across Britain, with an average total value of 1,189 per household, giving the total value of gold jewellery and other items owned by UK consumers to be 19.7 billion.
However, almost two thirds (61 per cent) of these gold owners have never had any of their jewellery valued. Read more…
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