Why record gold price is good news for burglars and bad for householders – Telegraph Blogs
Tens of thousands of households are “seriously under-insured” after the gold price has risen more than fivefold during the last decade, according to Britain’s biggest friendly society.
Most contents policies set a maximum limit on any single valuable item of £1,000 a decade ago and the equivalent figure today is £1,500. While that may have kept pace with increased prices for some household goods, it has been left far behind by the soaring value of gold jewellery.
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