Insurance Age

Jewellery underinsured.

Jewellery claims specialist Loss Management Group is warning that over 90% of diamond jewellery in t...

Jewellery claims specialist Loss Management Group is warning that
over 90% of diamond jewellery in the UK is underinsured. It is urging
policyholders to review their cover to ensure they are not left out of
pocket. Managing director, Tony Le Fevre, said: "The reason most diamond
jewellery is underinsured is insurance policies generally index link the
value of contents to inflation ... the increase in the value of diamond
jewellery simply hasn't been reflected in the premiums charged."

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