Over-50s 'should be wary' of gold under-insurance
03/02/2010
Topic: Insurance & protection
Gold items owned by pension holders and other people over the age of 50 may be under-insured, it has been suggested.
According to RIAS, gold has risen in value in recent times, although not all consumers appear to be aware of this fact.
The firm has noted that many as 55% of the over-50s it polled in a recent survey have not taken any steps to revalue objects they own which are made of gold.
Managing Director at the organisation Janet Connor believes that it might be a good idea for people to check the value of their gold possessions on a two yearly basis.
"With the value of gold significantly increasing over the past 12 months, all consumers would be wise to ensure that all their 'high-risk' items are regularly revalued," she commented.
Last month, RIAS suggested that pension holders and other people over 50 may be facing higher costs due to the UK's recent rise in VAT.
Posted by Liam Tomlinson.
According to RIAS, gold has risen in value in recent times, although not all consumers appear to be aware of this fact.
The firm has noted that many as 55% of the over-50s it polled in a recent survey have not taken any steps to revalue objects they own which are made of gold.
Managing Director at the organisation Janet Connor believes that it might be a good idea for people to check the value of their gold possessions on a two yearly basis.
"With the value of gold significantly increasing over the past 12 months, all consumers would be wise to ensure that all their 'high-risk' items are regularly revalued," she commented.
Last month, RIAS suggested that pension holders and other people over 50 may be facing higher costs due to the UK's recent rise in VAT.
Posted by Liam Tomlinson.
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