Jewellery owners 'advised to check contents insurance policies'

People who own a collection of jewellery, including those with amethyst jewellery, are being advised to review their contents insurance policies.

This is because the value of jewellery has grown in relation to the soaring prices of gold and silver in the last few months, Money High Street has reported.

NFU Mutual points out that this price hike has led to some contents insurance policies no longer being sufficient, as the value is past the limit one may offer.

Silver heirlooms and silver engagement rings in particular are items where the true value is hard to assess, so owners would be wise to get them checked over by a professional then consulting their contents insurance providers to check they are not in danger of losing out.

Paul Richardson, home insurance specialist at the insurer, said: "If the contents of some jewellery boxes needed to be replaced, some owners may be devastated to find their current insurance policy would only pay out a fraction of the cost of replacements."

The warning comes after the Daily Mail reported how famous author Una-Mary Parker recently had over £40,000 worth of jewellery stolen from her home in West London.

Posted by Emma Rathbone