Homeowners across the UK are being urged to review their insurance and security after a major insurer revealed a worrying seasonal trend in burglaries.
January's Alarming Theft Trend
Analysis from Allianz UK has identified the first month of the year as a peak period for thefts of high-value items. The insurer, examining five years of its claims data, found that 10% of all reported thefts for watches, jewellery, and luxury goods like designer handbags occur in January.
The financial impact is substantial, with the average claim for these incidents standing at around £8,000. In one particularly severe case, a claim exceeded £82,000. This trend emerges against a backdrop of rising gold prices, which have surged in recent months, making such items even more attractive to criminals.
Why is January So Risky?
Experts point to a combination of factors creating a perfect storm for burglars. Graham Wright, managing director of home insurance at Allianz UK, highlighted the dangers of dark winter nights, when burglaries are more common. He also noted that many households may have new, valuable items in the home following the Christmas period.
"Gold and jewellery items are tempting targets for thieves," Wright stated. "They often represent significant financial and sentimental value, and it’s important that homeowners take action to ensure their valuables remain safe."
Protecting Your Valuables
Allianz has issued clear advice to help the public safeguard their possessions and ensure they are adequately covered. The insurer's key recommendations include:
- Storing jewellery and other valuables in a secure location, such as a certified safe.
- Keeping up-to-date professional valuations, receipts, and photographs of high-worth items.
- Informing your insurer about any significant changes to your collection, such as new gifts or purchases.
The warning extends to insurance policies themselves. Homeowners are strongly advised to check their cover levels to avoid being underinsured. "It’s easy to underestimate what your home contents are worth and that can lead to underinsurance," Wright cautioned.
With the data clearly showing a heightened risk as the new year begins, taking proactive steps to review security and insurance policies could prevent significant financial loss and heartache.
