Britons Have £222 Billion of Collectibles but a Quarter Don’t Have Them Insurance

A survey of 2,000 adults found that 57% of Britons own collectible items valued at more than £500. This includes memorabilia, fashion and fashion accessories, artwork, musical instruments, military items and weapons. A further 18% own antiques worth more than £500.

If jewellery is also included then 75% of Britons own items worth over £500. However, there are problems. Nearly a quarter of us don’t have any contents insurance and even more have their contents underinsured.

According to Direct Line, as many as 3.1 million people have had uninsured items lost, damaged, or stolen. This had a combined cost of almost £20 billion. Military items of historical interest are most likely to be snatched by thieves, with 27% of owners victimised. Meanwhile, jewellery is most likely to be lost, with nearly one in five owners misplacing valuables.

Contents, collectibles and jewellery need bespoke policies that are made specific to the owners. At Ascend Executive we will put your needs first and make sure that your precious contents are covered under one policy. We are determined to give you peace of mind when it comes to insurance.

If you have any questions or concerns about your policy then do not hesitate to contact us on 01245 449060.