Gold and jewellery thefts often spike in January, with the month accounting for 10% of all claims over the past five years, according to insurer Allianz UK. The company analysed its own claims data, highlighting watches, jewellery, and luxury goods like designer handbags as common targets.
The average claim for such thefts totalled around £8,000, with one claim reaching £82,000. The warning comes as gold prices have surged in recent months, with the precious metal often seen as a safe haven during uncertainty.
Allianz urged homeowners to check they are not underinsured, especially as many may have received new jewellery over Christmas. The insurer advised storing items securely and keeping professional valuations, receipts, and photographs, and informing insurers of significant changes to collections.
Graham Wright, managing director of home insurance at Allianz UK, said: “Gold and jewellery items are tempting targets for thieves, especially on dark winter nights when burglaries are more common. They often represent significant financial and sentimental value, and it’s important that homeowners take action to ensure their valuables remain safe.”
