23 October 2025
For many high-net-worth individuals, a jewellery collection represents far more than exquisite craftsmanship. These pieces often carry deep personal significance - heirlooms passed through generations, rare gemstones acquired over time, or unique designer creations. Beyond their beauty, they are significant financial assets.
Yet, even the most carefully curated collections can be vulnerable if they’re not properly valued. Inaccurate or outdated valuations can leave you exposed to underinsurance - and in some cases, can result in reduced claim settlements or even declined claims altogether.
The rising importance of up-to-date valuations
In recent years, insurers have taken a firmer stance on underinsurance. It is increasingly common to see claims reduced or rejected when valuations don’t reflect current market values.
It is generally advised to have your jewellery independently revalued every three to five years. This simple step helps ensure your assets are protected not just on paper, but in reality.
Understanding the Average Clause
The average clause is a standard provision in many insurance policies designed to manage risk. If your items are insured for less than their true value, any claim will be reduced proportionately.
For example:
If your jewellery is worth £200,000 but insured for only £100,000, and you make a claim, the insurer may only pay 50% of the loss.
Accurate valuations are therefore not a formality - they are fundamental to receiving the settlement you expect and deserve.
Why accurate valuations matter
1. Ensuring adequate coverage
Regular valuations align your insurance with the true market value of your jewellery, protecting against market fluctuations and new acquisitions that may have gone unassessed.
2. Protecting your financial investment
High-value jewellery can appreciate significantly over time. Understanding its current value helps you make informed decisions around insurance, sales, or future acquisitions.
3. Supporting estate planning
Jewellery often forms a meaningful part of a legacy. Up-to-date valuations help ensure your heirs receive a fair and accurate reflection of these assets’ worth.
4. Peace of mind
With accurate valuations in place - and provided your policy meets the insurer’s requirements - you can be confident that, in the event of theft, loss, or damage, your insurance will respond fully and protect you when it matters most.
Our long-standing partners
Verlingue has a relationship of more than 15 years with specialist auctioneers and valuers Lyon & Turnbull and can introduce you to their team should you wish to arrange an independent valuation.
Conclusion
Jewellery valuations aren’t just about numbers; they’re about protecting your investments, your legacy, and your peace of mind. To ensure your pieces are accurately valued and properly insured, our Private Clients team is here to help. Get in touch for tailored advice and expert guidance.
