Halifax Home Insurance: £52bn worth of jewellery horded in UK homes

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Halifax Home Insurance: £52bn worth of jewellery horded in UK homes

There is a total of £52 billion worth of jewellery inside British homes, according to new research from Halifax.

It found that the average household has £1,986 worth of jewellery, while 36 million Brits adorn themselves in gems and precious metals worth a collective £8.6 billion every day.

The bank's study also uncovered regional variations, with Northampton, Glasgow and Wrexham found to be the most 'bling' towns in the UK, while residents of Milton Keynes and Preston had the highest value of jewellery stored in their home.

Around five million lucky Britons own over £5,000 of jewellery, but Halifax notes that 35 per cent of them have never had it valued.

Martyn Foulds, senior claims manager at Halifax Home Insurance, said: "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."

Yesterday Nationwide launched a new home insurance offer, which gives customers purchasing their buildings and contents cover together a 20 per cent discount now and on next year's premium if they renew both policies jointly.
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