For any individual item valued over £25,000, a professional valuation is required by the policy to ensure it is insured for the correct replacement value. For items under £25,000, a valuation is not mandatory, but it is considered best practice to have up-to-date valuations to make sure your collection is accurately covered.
Valuations help ensure a smooth claims process and that items can be replaced like-for-like. We also recommend updating valuations every 2 to 3 years, as values can change over time.