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Regularly Updated Valuations are essential for contents over £60,000

Experts are urging consumers to invest in regularly updated valuations to prevent not being covered by insurance for certain things stolen. The value of heir-looms amongst other valuable objects can fluctuate in value. If it increases in value since it has been insured and is then stolen, you are not covered for the item and many insurers wont pay out.

They was to prevent this from happening is to have regular valuations on house contents over £60,000/ though this is expensive, it could save money in the long run. Consumers are being advised to photograph and take detailed descriptions of objects of value. Also, if objects are insured at auction price rather than retail price, a saving will be made as these prices are always lower.

Valuations are definitely something that needs to be considered when there are heir-looms involved.

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