What is the standard limit for single item cover in a household insurance policy?

The standard limit for single item cover in a household insurance policy is typically set at £1,500. This means that when a policyholder claims for a single item that has been lost or damaged, they can usually receive compensation up to this amount. This limit is designed to provide adequate coverage for valuable possessions while also managing the insurance company's risk.

Having a specific limit helps to ensure that policyholders are incentivized to accurately declare the value of their belongings. If the value of a single item exceeds the standard limit, policyholders often have the option to request additional coverage, allowing them to fully insure high-value items like jewelry or art. This balances the needs of consumers for adequate protection with the need for insurers to control exposure to high claims.