Gold price may be linked to home insurance claims

Thursday, 19 April 2012

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A spike in domestic robberies has led to an increase in home insurance claims during recent months, potentially influenced by a six-fold rise in gold prices.

The Telegraph has reported on research from the Association of British Insurers, showing that there were 5,000 more burglary claims in 2011 than in the previous year.

It follows three years of consecutive falls in the number of break-ins.

Considering the increase in gold prices, it may be that jewellery was the target for the break-ins.

It is advisable for homeowners to not take the spike in burglaries lightly and ensure that their house is equipped with sufficient security measures.

Guaranteeing that all belongings have appropriate home insurance cover is also imperative, to ensure that items such as jewellery are properly insured.

Copyright Baubridge Ltd.

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