What is the normal limit for claims on valuables in a household insurance policy?

In a household insurance policy, the standard limit for claims on valuables is typically set at 30% of the sum insured for the entire policy. This percentage reflects a balance between providing adequate coverage for valuable items like jewelry, artwork, or collectibles while also managing the insurer's risk exposure. Setting the limit at this level helps to ensure that policyholders can claim a reasonable amount for their valuables without inflated sums that might lead to moral hazard, where insured individuals may take less care of their valuable items.

This limit can vary by insurer or specific policy provisions, but 30% is a common industry standard. It is important for policyholders to review and understand their policy’s terms, as they may have options to increase coverage for high-value items if needed.