Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 3:46 PM
    • 10Posts
    • 1Thanks
    pieceofcandy
    Lost ring
    • #1
    • 7th Jul 18, 3:46 PM
    Lost ring 7th Jul 18 at 3:46 PM
    Hi all,

    So the mrs has lost her eternity band. Sheís come back from shopping and thinks when she swapped the shopping bags to her other hand itís come off. Looking on the home insurance we have personal possessions cover up to £5,500. The ring cost was £3,200 back in 2009. I have proof of purchase and everything

    I didnít specify the ring though so where do I stand?

    Thanks

    Tim
Page 1
    • Faith177
    • By Faith177 7th Jul 18, 3:52 PM
    • 2,538 Posts
    • 4,064 Thanks
    Faith177
    • #2
    • 7th Jul 18, 3:52 PM
    • #2
    • 7th Jul 18, 3:52 PM
    Do you!!!8217;re policy documents say if there is a single article limit and does it say if you have personal possessions away from the home?
    First Date 08/11/2008, Moved In Together 01/06/2009, Engaged 01/01/10, Wedding Date 27/04/2013

    WW - Start Weight 15.1 Goal 10.10 loss so far 9lbs
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 3:58 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    • #3
    • 7th Jul 18, 3:58 PM
    • #3
    • 7th Jul 18, 3:58 PM
    It just says personal possessions £5,500

    Nothing else??
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 4:00 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    • #4
    • 7th Jul 18, 4:00 PM
    • #4
    • 7th Jul 18, 4:00 PM
    There is no specified items insured in the home or away.

    But I can!!!8217;t find if it!!!8217;s included in the !!!8216;personal possession!!!8217;??
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 4:02 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    • #5
    • 7th Jul 18, 4:02 PM
    • #5
    • 7th Jul 18, 4:02 PM
    Sorry above post has gone weird

    Basically even though it!!!8217;s not specified in the home or away is it covered under personal possessions?

    Think that!!!8217;s my question!!!

    I!!!8217;ve told her no more shopping
    • kazwookie
    • By kazwookie 7th Jul 18, 4:04 PM
    • 9,776 Posts
    • 123,080 Thanks
    kazwookie
    • #6
    • 7th Jul 18, 4:04 PM
    • #6
    • 7th Jul 18, 4:04 PM
    Ring up your insurance comany and ask them.
    Sun, Sea
    Slinky start date 29.01.18 28 to go / -14 so far and counting!!
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 4:20 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    • #7
    • 7th Jul 18, 4:20 PM
    • #7
    • 7th Jul 18, 4:20 PM
    I take it itís not black and white?

    I havenít claimed on a contents policy before
    • DCFC79
    • By DCFC79 7th Jul 18, 5:17 PM
    • 32,105 Posts
    • 20,198 Thanks
    DCFC79
    • #8
    • 7th Jul 18, 5:17 PM
    • #8
    • 7th Jul 18, 5:17 PM
    Sorry above post has gone weird

    Basically even though it!!!8217;s not specified in the home or away is it covered under personal possessions?

    Think that!!!8217;s my question!!!

    I!!!8217;ve told her no more shopping
    Originally posted by pieceofcandy

    Its a forum issue affecting those on iPhones I believe.
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 7:12 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    • #9
    • 7th Jul 18, 7:12 PM
    • #9
    • 7th Jul 18, 7:12 PM
    If I ring and ask will they charge me?
    • FutureGirl
    • By FutureGirl 7th Jul 18, 8:13 PM
    • 1,121 Posts
    • 465 Thanks
    FutureGirl
    Personal Possessions covers you for losses outside of the home.

    If the item is not specified, then the single article limit for valuables will apply.
    • EdGasketTheSecond
    • By EdGasketTheSecond 7th Jul 18, 9:00 PM
    • 621 Posts
    • 328 Thanks
    EdGasketTheSecond
    I think you'll need to report it missing to the police and get a number from them. Otherwise everyone would be at it; saying they lost their expensive ring and taking £3K off the insurers.
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 10:50 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    Thatís ok I can report it and the mrs can tell them where she suspects she lost it etc

    Thatís great it covers outside the home. Just need to find the limit now
    • McKneff
    • By McKneff 7th Jul 18, 10:53 PM
    • 36,059 Posts
    • 46,478 Thanks
    McKneff
    Do you have any pictures of the ring, they will ask if you have any proof of possession.
    Although you dont have a receipt, did you have any CC or bank statement with it on
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
    • pieceofcandy
    • By pieceofcandy 7th Jul 18, 11:13 PM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    Yes lots of pictures with it on, we do have the original receipt
    • FutureGirl
    • By FutureGirl 8th Jul 18, 8:50 AM
    • 1,121 Posts
    • 465 Thanks
    FutureGirl
    check your policy schedule for the limits (not the policy booklet)
    • Blibble
    • By Blibble 8th Jul 18, 11:19 AM
    • 454 Posts
    • 796 Thanks
    Blibble
    What is the single article limit for valuables? You may also be required to obtain a CRN / lost-property reference from police which will be validated by your insurer's claims' team upon logging the claim. They may also ask for proof of the incident, e.g., receipts from when you were out shopping to corroborate the story, as well as your proof of purchase / valuations as required.
    Wedding fund - £3290.92 (£1912.07)
    OP fund - £1859.60 (£268.11)
    Emergency fund - £500.00
    • pieceofcandy
    • By pieceofcandy 11th Jul 18, 8:47 AM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    Thatís all ok as she has put everything all in one bag (and had it all out a million times to look for it) have rang the police and if they want to look at cctv they can as they will see her there etc Iíve got a CRN. However I canít imaginw anyone handing it in can you??

    The problem is itís worn with two other rings so she didnít realise one was gone like you would a single ring.
    • lisyloo
    • By lisyloo 11th Jul 18, 9:29 AM
    • 22,014 Posts
    • 10,694 Thanks
    lisyloo
    However I can!!!8217;t imaginw anyone handing it in can you??

    Why ever not?
    If I found an expensive ring I'd hand it in.


    You might want to check your policy for valuables.
    They might question whether you are underinsured.
    If one ring is £3.2K and she has three then is your £5.5K sufficient for everything everyone on the policy is taking outside the home at one time?


    If they decided you were 50% underinsured then they would pay 50% of the claim.



    Otherwise I don't see any issue. Now is when you find out how good your insurer is.
    • pieceofcandy
    • By pieceofcandy 11th Jul 18, 10:00 AM
    • 10 Posts
    • 1 Thanks
    pieceofcandy
    I hope someone would but it could be anywhere with people walking past, rolled into a drain or anything. I have said this to the missus as well

    The other rings arenít as expensive as them but we will see what they say I suppose!!!

    We live in hope itís found but I always go by hope for the best, prepare for the worst
    • lisyloo
    • By lisyloo 11th Jul 18, 10:20 AM
    • 22,014 Posts
    • 10,694 Thanks
    lisyloo
    but I always go by hope for the best, prepare for the worst

    A very good plan in general.


    There is no reason why your claim shouldn't be paid, but I'm sure you understand that insurance companies need to guard against fraud and anyone can just call and say they've lost an expensive ring (guard the receipt with your life and personally I'd take a copy).



    Some friends had a camera taken from their car several years ago.
    The insurer visited their home briefly just to check that they were the kind of people that would own a decent camera.e.g. middle-class home with all the trimmings. If they'd lived in a slum that would obviously make the insurer suspicious. Honest claimants have nothing to worry about.



    It's possible you are not uninderinsured and this is the most expensive item you have.

    I'm just saying that it could look like you might be under-insured as there are at least 3 rings (possibly 4), plus other jewellry, 2 watches, 2 phones, 2 kindles etc. (I'm assuing the £5.5K covers 2 adults).
    It's possible that you're fine I'm just saying it might be questioned, but given everything is above board then there is nothing to worry about.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,213Posts Today

8,363Users online

Martin's Twitter