Home Add to Favorite Contact Submit  
             26 June, 2022

Category:  Articles » Finances » Insurance


Bling Brits Advised To Consider Insurance

         Views: 1693
2008-05-24 08:39:25     
Article by Abbi Rouse

With the nation's wrists, fingers, necks and ears gleaming with jewellery, consumers have been advised to make sure that having bling does not blind them from protecting such possessions.

Such is the assertion of Halifax Home Insurance in which a study reveals that the typical British household contains 1,986 pounds worth of jewellery, with just over one in ten (11 per cent) respondents owning rings, necklace, earrings and other items with a combined value of more than 5,000 pounds. Overall, the country was indicated as having finery to the total value of 52 billion pounds.

Research from the financial services firm also showed that those living in Milton Keynes own the most expensive amount of jewellery on average. People from the Buckinghamshire town have possessions costing a typical 3,186 pounds, compared to the 3,001 pounds in finery consumers in Preston own. London, Glasgow, Stoke and Aberdeen were among the rest of the top ten places in Britain with the costliest jewellery collections.

For those looking for an effective way in which to fund the purchase of an expensive piece of jewellery, taking out a personal loan may be recommended.

Martyn Foulds, senior claims manager for Halifax Home Insurance, said; "Our research shows that between us we Brits own a staggering amount of jewellery and enjoy making a statement by wearing valuable items when out and about. However, it seems many people with expensive jewellery collections may be selling themselves short by not getting their articles valued fully and insured for the correct amount."

"We would advise anyone wearing particularly valuable items outside the home on a daily basis to make sure that they are fully insured for loss, damage or theft when outside their property," Mr Foulds added.

The study also showed that people in Northampton are most likely to show off their jewellery collection. According to Halifax, the average consumer in this area wears 469 pounds worth of items everyday, with a total of 2,627 pounds kept inside the typical property in the town. Meanwhile, people living in Glasgow and Wrexham wear an average of 468 and 460 pounds worth of jewellery on a daily basis.

With significant numbers of consumers owning costly amounts of jewellery, Halifax advised people to their particularly expensive items valued. Of the five million Britons owning more than 5,000 pounds of finery, more than a third were indicated as never having gone to a jeweller to have such items inspected. A further ten per cent were revealed to not have done this for at least a decade. Meanwhile, just over a quarter of respondents were revealed to have failed to notify their insurance provider after getting their jewellery valued. It was stated that having valuations on a regular basis can help consumers make an accurate insurance claim based on the current worth of their jewellery. Those looking to file a claim were also advised to keep photographs of their items.

People looking to buy an expensive piece of jewellery, whether it is a designer watch or pearl earrings, might wish to consider getting a personal loan. By getting a low-cost loan, it may be possible that borrowers can purchase an item quickly and are left with an affordable level of repayment. The additional monetary assistance which a loan provides could also help people to take out comprehensive insurance policy.

Getting a loan for the purposes of buy a ring in addition to obtaining sufficient insurance might be recommended to those looking to get married. A recent study by Abbey Insurance indicated that 42 per cent of people purchasing engagement rings do not have adequate cover, with 15 per cent unsure whether or not they have insurance for such an item of jewellery.

Specialized in: Secured Loans - Uk Loans - Quick - Easy - Personal - Friendly - Courteous - Fast - Credit - Low - Rates - Quickly
URL: http://www.allaboutloans.co.uk
Print article      Bookmark this page
Related Articles 
Wedding Cover: Choose Best to Construct your Wedding Splendid (Popularity: ): A wedding is one of source where wedding couples start a new life and this moment is the happiest day of their life. It's supposed to be the happiest day of a couple's life and when two become one in matrimony. Other couples also plan for wedding in foreign country where they need a wedding cover that has become vital. Without any planning or expenditure, weddings would not be organized. ...
Need an Accident Helpline? - Easigo Accident Management can save you money & give you a better service than your insurers (Popularity: ): If you have a road accident, which is not your fault, you may think that every accident helpline offers the same level and type of service. This is certainly not true; you need someone like Easigo to make sure that you will not lose out financially. This article looks at the various stages of a typical claims process, and outlines the main advantages of using Easigo’s Accident Helpline rather than ...
Medical Billing and Coding Job Description, Training and Salary (Popularity: ): If you've been thinking about taking some medical coding or medical billing classes online or getting medical coding or billing training you want to make sure you understand what this career and the job entails and have a good idea what kind of salary you'll make. Of course you may want to open a work from home business and it's certainly possible but may require a good education and training ...
Choosing a Benefits TPA (Popularity: ): The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. According to the Society of Professional Benefits Administrators (SPBA) 66 percent of all U.S. workers are covered under self-funded plans, most of which are managed by independent, third party administrators. But what do you look for in a TPA? If you’re an independent agent, here are some things to consider.Where to startYour best sources for ...
What Can a Medical Billing Advocate Do For You? (Popularity: ): Terminology and complexity are the rules of today's healthcare system. Most consumers are not even aware that there may be hidden problems with their bills. When you are busy or not feeling well, you often don't have the time to do the necessary work to get corrections made. You might not even realize that you are being overcharged! All kinds of errors are found on medical bills. We see examples ...

Related Business 
Bling Bling Costume Hire and Design (Popularity: ): Bling Bling Costume Hire and Design, we have been operating for almost five years offering fancy dress costumes from our Yeppoon premises. Since our humble beginnings we have expanded and now we look forward to servicing not only Rockhampton and Yeppoon, but Gladstone, Emerald, Blackwater, Longreach, Moura, Mackay and all of Central Queensland.
Brits In The States (Popularity: ): For Brits in the U.S. Offers links to British shops, pubs, travel, news, and sports.
Bling Daily (Popularity: ): The term "Bling" was first introduced to our collective vocabulary in the late 1990's and eventually found its way into the Merriam Webster dictionary in 2006. In linguistic terms, bling is an ideophone (a sound intended to evoke an idea). Blingdaily is an ode to, as well as a fusion of our most basic desires, namely, looking our best with expensive name brand accessories, watches, jewelry and other fine wares, ...
MaD Bling (Popularity: ): MaD is an anagram for a couple of funky dudes who got sick of trying to find a good selection of quality bling at reasonable prices. Tungsten carbide, carbon fibre, kevlar, gold, silver, ceramic, resin and all the cool stuff goes into our rings to make them more than a little bit trendy.
Free Ipod Accessories (Popularity: ): I have found a way to get free Ipod accessories. You probably don't believe me as you read this, but I can assure you that this is 100% real because it works for me. Also, this is legal. We specialize swarovski crystal phone & ipod cover faceplates case rare and unique bling gifts like iphone 3gs case phone charms and accessories, bling ipod case and phone charm straps bag accessories.
Insurance Resources and Information (Popularity: ): Locate all kinds of Insurance's quickly and easily online. Independently search all of the Insurance Companies available in the United Kingdom. Get Insurance quotations and get important insurance advice. You can find Life Insurance quotations, Buildings and Contents Insurance, landlords insurance, Income Protection Insurance, every insurance quotation you’ve ever required, with the best prices in one place.
Diamond watches & Jewelry at affordable prices (Popularity: ): 14k-18k Gold (White, Yellow, Rose) and Diamond Jewelry, Bridal Shop (Wedding and Engagement Rings), Bracelet, Chain, Pendants, Charms, Cuff links, Gemstones, Pearl Jewelry, Hoop & Stud Earrings, Two Tone bands, Hip Hop watch, Bling Bling watch, Icedout Watches and Jewelry, handbag, watch winder and thousands of Branded watches for retail and wholesale.
Premier Insurance Services Of New York City (Popularity: ): Premier Insurance Services of New York City offers competitive insurance rates on auto insurance, home insurance, condo insurance, renters insurance, health insurance, life insurance, commercial insurance & more from a top insurance company with an excellent financial rating.
Anthony Clark Insurance Brokers Ltd. (Popularity: ): Anthony Clark International Insurance Brokers Ltd. will surely find you quality prices for home insurance including condos, auto insurance from motorcycles to boats, & for other insurance coverage. Anthony Clark Insurance offers free online auto insurance quote and online home insurance quote. It shops for cheap insurance rates for all your insurance needs including, auto (car) insurance, home (homeowners) insurance, business insurance, motorcycle insurance, condo insurance, renters/tenant insurance, commercial auto ...
Brits Driving School (Popularity: ): Brits driving school operates in Wimbledon SW17 area with friendly and experienced driving instructors that make you feel at ease, helping you relax and enjoy your driving lessons. In our driving lessons cover all areas of driving including: starting and stopping, maneuvering, left and right turns, T Junctions and signaling. We have Local driving instructors in Wimbledon Village, The Common, Parkside, West Wimbledon, Merton Park, Wimbledon Park, Morden, Merton, Raynes ...