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Poll reveals the items you’re most likely to insure

Costly possessions not the most precious for 74%

Home insurance

Women are keen to protect photos and jewellery

A new survey highlights that 74% of homeowners don’t regard their most expensive possession as their most precious.

Homeowners have revealed to Confused.com that their most financially valuable possessions are not the ones which are the most precious to them. As a result, many may be failing to include expensive items on their home insurance policy.

Computers and jewellery top the list of the most expensive items owned, but 74% of homeowners said that sentimental items such as photos, letters and drawings their child has done are more precious than their most costly items.

Women regards photos as most precious item

More men (29%) than women (23%) said that the most financially valuable items they own are also the most precious to them.

47% of women (compared to 34% of men) indicated that photos are the most precious or sentimental items they own. The second most popular ‘sentimental’ item for women is jewellery and the second most popular for men is letters.

When it comes to insuring possessions, Londoners were most likely to take the gamble and fail to take out a home contents insurance policy: only 64% of Londoners who own their home said they actually have home insurance, compared with a national average of 80%.

Need to name possessions on home insurance policy

Confused.com head of home insurance Gareth Kloet said: ‘Home insurance and a good awareness of home security can help to keep property safe. Sadly, burglary is a fact of life that one in five homeowners who we surveyed have already experienced. 

‘While insurance cannot replace items such as photos, it is possible to name precious items (that have a value of more than £1,000) on your home insurance policy. This helps ensure that possessions such as jewellery or antiques or expensive technology can be replaced or compensated for in the event of a burglary.’

Which? insurance analyst Paul Davies added: ‘The survey is a reminder that it is important to have an accurate and up-to-date view on the value of your home contents and to make sure that your contents insurance policy reflects this.’

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