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Gold’s price rush leaves homeowners under-insured, despite items listed on …

Gold’s price rush leaves homeowners under-insured, despite items listed on …

Gold’s price rush leaves homeowners under-insured, despite items listed on …
News from This is Money:

By Tara Evans

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The number of gold items being insured on home insurance policies has doubled over the past two years, but the rush could be leaving some households under-insured due to the rising cost of gold.

Since last year the number of gold items being specified on home insurance policies has more than doubled, increasing by 103 per cent.

However, the price of gold has risen by 43 per cent over the past two years, while the average value of gold listed on policies has gone up by 5.8 per cent, possibly leaving some consumers under-insured, warned the price comparison website MoneySupermarket.

Going for gold: MoneySupermarket warns that some homeowners may be underinsured

Nearly a third of people have bought items of gold recently, with 16 per cent of those questioned saying that the purchase was designed to be an investment. 

Most of these items are likely to be jewellery, however, as investors are repeatedly warned it is unwise to keep…………… continues on This is Money

… Read the full article


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