What is the typical worldwide coverage limit for valuables under a household policy?

The typical worldwide coverage limit for valuables under a household policy is often set at £7,500. This limit is designed to provide adequate protection for personal belongings that may be taken outside the home, such as jewelry, electronics, and other high-value items. This amount reflects a balance between offering substantial coverage for valuable items while also managing risk for insurers.

Insurers establish this figure based on common practices and the average value of belongings that homeowners tend to carry with them. It's important for policyholders to review their specific policies, as coverage limits can vary among different insurers and can be increased if a policyholder has higher-value items.

Higher limits such as £10,000 might apply to specific policies or further endorsements, while lower limits (like £5,000 or £2,500) may not be sufficient for the average insured individual who owns multiple valuable items. Therefore, £7,500 strikes a practical balance for most standard household policies.