Premium bonds and insurance

ianrberts

Hello there,

I've just noticed that my contents insurance booklet says that Money up to the sum of £500 is covered. It later says that the term Money includes various items including Premium Bonds. Now as with many people I have a few thousand pounds 'invested' in premium bonds, so does this mean that in the event of a fire or theft that I would lose all of this money?

I've tried looking on the nsandi.com website, but there's nothing in there that mentions what happens if bonds are lost. I would have thought that I would just ring up the relevant bond people and report the loss, but the fact that the insurance policy specifically mentions premium bonds being covered up to £500 worries me.

Anyone know what actually happens?

Thanks

JMW77

I'm sure premium bonds would be replaced in the event of a fire it seems odd to say that in an insurance policy.

Maybe someone else will have something to say afterall they are registered in your name .

ianrberts

Yes I would have thought that premium bonds would be replaced in the event of a fire etc by national savings themselves.

I've also done a bit of web-hopping looking at other insurance companies booklets and they all have similar sections to mine; so it is a bit strange why they would specifically mention them when the bonds themselves do say that they have no monetary value.

Mojisola

Just to make things easier in case something happens, keep a record of your bond numbers somewhere else.

ianrberts

Thanks for the suggestion on writing down the numbers - I hadn't thought of doing that and I'm sure that it would make life easier if I did.

Lorian

I think all you need is your 9 character holder number, not all the bond numbers.