--- title: Jewellery Valuations for Insurance date: 2018-08-09T13:16:00+01:00 author: Ellie Kyle canonical_url: "https://www.assetsure.com/jewellery/jewellery-valuations-for-insurance/" section: News --- Our Customers Love Us! Jewellery Insurance [Trustpilot](https://uk.trustpilot.com/review/assetsure.com) ### Get a Quote. Choose from our range of insurances below [Home](/) › [Jewellery Insurance](https://www.assetsure.com/jewellery/) › [Jewellery Valuations for Insurance](https://www.assetsure.com/jewellery/jewellery-valuations-for-insurance/) # Jewellery Valuations for Insurance ## Get Your Jewellery Valued I read somewhere recently that millions of jewellery owners could be at risk of under insurance because they have undervalued their possessions or simply have not acquired up to date valuations. This may not be deliberate, in fact I do not believe in the vast majority of cases it is, but whatever the explanation, it may cause a problem if you have your jewellery insured by a standard home insurance policy under a section of cover that has an “average clause”. Average clauses allow the insurer to make deductions from a claim in the event of under insurance. [The Association of British Insurers ](https://www.abi.org.uk/ "Association of British Insurers")recommends that you keep your valuations up to date to avoid this situation and to make sure that your sums insured acutely reflect the true value of your contents The main problem stems from the fact that precious metal prices have sky rocketed in recent years. Although the price of gold has cooled in recent months at various points it has been double the price of its raw cost five years ago. It’s similar story for silver & platinum, other precious metals used in the manufacture of jewellery. Diamonds have also enjoyed a good run, demand for diamonds remains high with the largest increases being recorded for higher cart weight stones. We are finding that owners who are taking their jewellery to be valued are often astounded and how much they are being quoted for replacement, particularly if their items include large or usually stones. The problem for many owners is that professional valuations are not cheap and of course there is the hassle factor of getting around to having it done, a high proportion of owners simply choose to stay with existing values and sums insured not realising they could be in line for problems in the event of a claim. At Assetsure, our [Jewellery Insurance policy ](/jewellery/)does not have an average clause, we simply state that the maximum we will ever pay is the sum insured listed on the schedule and chosen by the policyholder. We still think the best course of action is to have your jewellery re-valued on a regular basis; a reputable jeweller will be able to provide you with a scale of charges upfront preferably on a per item basis not based on the new value provided. If you are interested in receiving a quote for your jewellery, please click here [ jewellery insurance](/jewellery/jewellery-insurance/ "Jewellery Insurance Quote"). ## Latest News & Advice [![Why is my engagement ring valuation higher than the price I paid](/assets/uploads/images/_800x405_crop_center-center_none/engagement-valuation-news-banner.webp)](https://www.assetsure.com/jewellery/engagement-ring-insurance/my-engagement-ring-valuation/) ### [Why is my engagement ring valuation higher than the price I paid](https://www.assetsure.com/jewellery/engagement-ring-insurance/my-engagement-ring-valuation/) Why is my engagement ring valuation higher than the price I paid? You paid £3,000 for your engagement ring, but you've just had it valued at £4,000. Has it really gone up in value by £1,000, Not necessarily.... [![What is worldwide jewellery insurance](/assets/uploads/images/_800x405_crop_center-center_none/world-insurance-news-banner.webp)](https://www.assetsure.com/jewellery/high-value-jewellery-insurance/what-is-worldwide-jewellery-insurance/) ### [What is worldwide jewellery insurance](https://www.assetsure.com/jewellery/high-value-jewellery-insurance/what-is-worldwide-jewellery-insurance/) Worldwide jewellery insurance is designed to protect insured jewellery outside the UK as well as at home. It can extend your protection when you travel, although exactly how that cover works will depend on the policy.... [![Jewellery News Round-up Sept 26](/assets/uploads/images/_800x405_crop_center-center_none/jewellery-news-round-up-banner.webp)](https://www.assetsure.com/jewellery/jewellery-insurance/jewellery-news-round-up-sept-26/) ### [Jewellery News Round-up Sept 26](https://www.assetsure.com/jewellery/jewellery-insurance/jewellery-news-round-up-sept-26/) Jewellery news round-up: a £59,000 discovery, a river rescue and a real-life jewellery heist... [More News](https://assetsure.com/news) ## Why choose our specialist insurance cover? ### Extensive Cover Our policy provides all-risks cover as standard. This means events such as loss or damage are covered with fewer exclusions and warranties. ### Worldwide Cover You are covered anywhere in the world for trips up to 60 days. ### Single Pieces or Collections We can insure single items of jewellery such as rings, earrings & pendants or whole collections. For smaller items you can insure on an "Unspecified basis" ### Protect your no claims bonus This is a "stand-alone" policy, any claim will not affect any no claims bonus you may have under your home insurance ### Excellent friendly claims service We are here to help you if you need to make a claim. We will liaise between you and the insurers to help settle your claim as quickly as possible. ### Members of BIBA We are members of the British Insurance Brokers Association,the UK's leading general insurance intermediary organisation. 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