Family album is nation’s most valuable home treasure

Family albums have been revealed as the nation’s most treasured possession, according to a poll of the UK’s top household riches.
 
Sentimental Brits considered photos of their families and late relatives to be their most valuable treasures, alongside other priceless possessions such as childhood teddy bears and books, according to the research by Lloyds Bank Insurance.
 
More than two thirds (69%) of those polled said sentimental belongings were worth just as much as those with financial value. More than one in 10 estimated their most treasured belongings to be worth £5,000, with jewellery, smartphones, laptops and TVs among the top 10 most valuable items.
 
The research found that a quarter of us had already lost a treasured possession, yet one in four homes remains uninsured.
 
As an estimated 61% of Brits fail to back up their data, Lloyds Bank Home Insurance is urging households to help protect both their financially valuable and ‘priceless’ belongings by considering digitally backing up photos and videos that could be lost forever if the devices on which they are stored are lost, damaged or stolen. Tim Downes, senior claims manager, Lloyds Bank Home Insurance, said: “Our homes are a trove of our own personal treasure, much of which is of more sentimental than monetary value.
 
“While having adequate insurance in place will protect the financial investment we make in our belongings, there are ways in which we can help protect our irretrievable possessions such as photographs by backing up data.
 
“Even scanning old hard copy photographs and saving them digitally with adequate back up can ensure that if they are misplaced, damaged or stolen, they are not lost forever.”
 
Top 10 most treasured possessions
 
1 Photographs of relatives       
2 Wedding ring                         
3 Engagement ring                  
4 Smartphone                          
5 Laptop                                   
6 Inherited jewellery                 
7 Flat screen TV                                  
8 Childhood teddy bear            
9 Record/CD collection           
10 Childhood books                         
 
Lloyds Bank Home Insurance advice to help protect your treasures:

Review your home insurance annually to ensure you have all the cover you need, and none that you don’t

Consider additional options that may be a worthwhile investment such as accidental damage

Ensure any items of particularly high value are itemised on the policy and keep a receipt or valuation certificate

Valuable jewellery should be valued by a reputable jeweller every two years with a valid certificate

Consider personal belongings cover if you carry valuable items around on your person e.g. laptops, smartphones, expensive handbag
 
Lloyds Bank Home Insurance automatically increases customers home contents cover at special times such as Christmas. Home Solutions customers’ valuables limit is increased by £3,000. Home Options customers receive an extra 10% on the sum insured up to a maximum of £3,000. 
 
For more information on products and offers available visit lloydsbank.com/protect