Homeowners across the UK are being urged to bolster security for their valuables following a stark warning from a major insurer. Allianz UK has revealed that the month of January consistently sees a significant spike in thefts of gold, jewellery, and luxury items.
January's Alarming Theft Trend
Analysis of claims data from the past five years by Allianz UK paints a concerning picture for the first month of the year. The insurer found that a full 10% of all claims for stolen jewellery and luxury goods are made in January. This trend highlights a period of heightened risk for homeowners.
The items most frequently targeted include high-value watches, jewellery, and designer accessories like handbags. The financial impact is substantial, with the average claim settling around £8,000. In one extreme case, a single claim exceeded £82,000, underscoring the significant sums involved.
Dark Nights and Tempting Targets
Graham Wright, managing director of home insurance at Allianz UK, explained the seasonal danger. "Gold and jewellery items are tempting targets for thieves, especially on dark winter nights when burglaries are more common," he stated. "They often represent significant financial and sentimental value, and it’s important that homeowners take action."
The warning coincides with a period where many people may have received new, valuable items as Christmas gifts. Furthermore, the surge in gold prices in recent months, driven by its status as a safe-haven asset, has made such possessions even more attractive to criminals.
How to Protect Your Valuables
Allianz UK has issued clear guidance to help policyholders avoid becoming a statistic. The cornerstone of protection is ensuring items are not underinsured. Homeowners are advised to regularly check their policy provides adequate cover to match the true value of their possessions.
Practical steps to enhance security and ensure valid claims include:
- Secure storage: Keep jewellery in a robust, certified safe or a secure, hidden location.
- Document everything: Maintain up-to-date professional valuations, receipts, and photographs of all high-value items.
- Inform your insurer: Report any significant new additions to your collection immediately to guarantee continuous and adequate coverage.
"It’s easy to underestimate what your home contents are worth and that can lead to underinsurance," concluded Mr Wright. Proactive measures are essential to safeguard both the financial and sentimental worth of precious belongings during this high-risk period.
