The most romantic day of the year is almost upon us!

Expensive jewellery and engagements rings purchased provide great sentimental value but can also be extremely costly to replace.

It is important to check that your insurance is sufficient.

Most insurance policies have a sum insured. If this is less than the total cost of your contents, including your valuables, then your cover may not be enough to fully replace your items should you need to claim.

Within your ‘contents sum insured’ there is a valuables limit which is the total amount payable for all your valuables (including jewellery). If this is not updated you could risk being underinsured.

There is also a limit for ‘any one valuable item’. If you have a valuable item or a piece of jewellery that is worth more than this single item limit you’ll need to specify it on your policy to ensure it’s covered for the full amount.

Burglars know there are a higher number of items purchased at this time of your so keep your jewellery safe. In most cases, a burglar won’t just take one item. A jewellery box on your dressing table is the first place a burglar will look so keep it hidden!

You should:

• Make sure your house is alarmed to give yourself the best chance of holding on to sentimental expensive jewellery

• Locking away your jewellery in a safe with a suitable cash rating value can protect your most expensive pieces

We recommend an up to date valuation is carried out every 3 to 5 years. If your policy was renewed more than a year ago, it’s a good idea to get your jewellery re-valued so you can make sure you’re properly covered.

We would also recommend that you check your home insurance policy to make sure that you’re fully covered against loss, damage or theft of valuable items like engagement rings as well as other jewellery.

GPS Insurance Brokers have partnered with some of the UK’s leading high net worth insurers who carry out a full security inspection and assessments on high value items.