Majority of Irish households have not had their jewellery valued for insurance purposes

The company also warned that while some policies automatically cover 'All Risks', which includes loss of jewellery outside your home, this is not always the case, and limits may apply

The value of the most common household jewellery — such as wedding rings, engagement rings, and watches — can vary widely.  File photo

A majority of Irish households have not had their jewellery professionally valued which could lead to items being underinsured should the worst happen, an insurance firm has warned.

According to a survey carried out by insurance broker Gallagher, the average Irish household has €4,243 worth of jewellery in their homes. For urban households, the average stands at €4,591 while for rural households it stands at €3,425.