Despite the economic and political uncertainty throughout the year the markets have seemed to be growing well. One market which has done very well over 2019 is gold.
On the 26th November 2018 the price of gold stood at £954.58 per ounce which was then followed by almost continuous growth over the next 9 months. The price of gold broke the £1,000 mark at the start of February 2019 and by the end of July 2019 the price had reached £1,148 per ounce. The end of July marked the most expensive price for gold since September 2011 where an ounce of gold cost £1,159.
However, what does this increase in the price of gold mean for your insurance? Most pieces of expensive jewellery contain gold in them. Due to the increase in the price of gold your jewellery could be underinsured meaning that you may not receive a full pay-out from your insurer should something happen to your jewellery or watches.
At Ascend executive we can arrange for a professional valuation on your expensive watches and jewellery to avoid them being underinsured so you receive a full pay-out. Our team of specialists are on hand to make sure that you receive the best policy that covers you and your possessions.
