Wishing you and your family a very Happy Diwali! May the lights guide you and happiness never leave your side.
…but please ensure your jewellery is correctly insured!
We don’t’ want to put a negative on this wonderful celebration but Asian Gold can be a particular target thieves around Diwali as communities get together to celebrate, leaving homes empty.
Gold is highly desirable to criminals due to the speed that it can be exchanged for large sums of cash.
Anjana Pankhania, Private Clients Manager at PK Partnership said, “with the majority of banks no longer storing jewellery, people have little option but to keep their items at home but they are not always adequately protected. This is not by any stretch just affecting high net worth individuals and we would recommend that families check their current insurance limits. With jewellery being handed down through generations of families it is often hard to prove the value of items as people do not have up to date valuation certificates.”
Recommended steps include keeping all jewellery and other valuables in a safety deposit box, high value gold and jewellery at home, hidden and discreet in public, being vigilant during holidays, weddings and events, and ensuring all jewellery is digitally recorded and insured.
In a house there are only so many places one can hide jewellery and thieves know the obvious places, typically under the bed and between the floor boards.
Top tips to ensure your jewellery is correctly insured
1. Ensure that there is adequate safe protection in your home
2. Have a professional valuation for all high value items
3. Photograph all items of jewellery
4. Avoid wearing an accumulation of high-value pieces in areas or places that you don’t know
For more information please contact Anjana Pankhania at PK Partnership Private Clients Division on 020 8681 4994.