Subject to valuation, high net worth insurers cover items on an agreed value basis. In addition, in the event of a claim, you are free to use your own jeweller and not an insurer’s nominated jeweller Most insurers will agree to cash settlement based on valuation figure and not the cost of replacement.

When you take out home contents insurance you will have protection for your personal possessions at your residence. Personal possessions insurance extends the cover for loss or damage outside of your home. The most common claims under this cover are loss or theft of an item of jewellery or laptop often whilst on holiday (travel policies provide cover but have very low single article limits). Typical items covered are portable computer equipment, jewellery, contents of a handbag, clothing, hearing aids and glasses.

Your contents cover should include anything that is not built in - for example furniture, white goods, carpets, curtains, clothes, linen, kitchenware and so on.

It is possible to arrange cover on what is known as a warranty free basis. This means that the Insurer does not stipulate that locks and alarm must be used and cannot refuse a claim if they are not put in place (although there is the expectation that in general they will be put in place).

Ideally, these items should be insured on an agreed value basis. This means that in the event of a total loss, this is the amount you are guaranteed to be paid. Valuation or original invoices will be required.

Yes cover can be arranged for jewellery, art, antiques or other such items whilst being stored in a bank, safety deposit box or whilst being restored/repaired.

The majority of claims can be settled on a cash basis. Insurers do not insist that their own suppliers or providers deal with replacement of your lost or damaged goods.