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Is the cover new for old and what is the value of individual items covered as valuables?

April 26, 2017cover Covered individual items valuables value

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Is the cover new for old and what is the value of individual items covered as valuables?

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This is a new for old policy, the total amount that would be paid out for valuables is 20% of the contents sum insured. If for instance you have jewelry with a value of 2,000 then you would need to insure up to 10,000 contents cover to make sure you were full covered.