Why it’s still the time to check the value of your gold

This time last year, we wrote that the price of gold had reached an all time high of $2,673.40 per ounce¹.

Today, it stands at $4200 - an increase of 121% over the past five years, with the largest rise over the last 12 months.

Whilst this might seem most relevant to investors, it could have important implications for your home insurance policy.

If you own gold - whether it’s a family heirloom, a gift, jewellery, or coins – you should consider a fresh valuation as if you need to make a claim you could find yourself underinsured.

In our original article, Private Client Director Steve Moores, explored:

• The consequences of underinsurance
• The importance of a valuation
• What a good valuation looks like
• Managing policy premiums
• How Howden can help

Read more: Why now is the time to check the value of your gold

To speak to us about the insurance you have in place for your gold, call 020 8256 4901 or email privateclients@howdeninsurance.co.uk

Sources
1. Gold Prices - 100 Year Historical Chart | MacroTrends