Are your jewellery and valuables fully covered?

A gold set or a watch can be worth more than the limit a policy pays for one item. Check before you need to claim.

What counts as valuables?

Liva defines valuables as “Articles made of precious metal, jewellery, furs, pictures, work of art, collections of coins, medals or stamps”.¹ GIG Gulf’s definition includes “jewellery, watches, items made of gold, silver or other precious metals, stamp, coin” collections.²

How do policies limit valuables?

In two ways at once: a total for all valuables and a cap on any one item.

Sources: Liva’s 2026 wording, GIG Gulf’s handbook, QIC’s 2016 wording, Salama’s flyer and Union Insurance’s Home Shield table.¹²³⁴⁵

Liva’s single article limit is “the maximum amount we will pay for any one item, pair or set … regardless of the total sum insured”, and treats “a suite of furniture or a pair of earrings” as one item.¹ GIG Gulf says that if an item is not “listed and described in the proposal form”, the claim will not include any amount above the limit in your schedule.² QIC says that “No one item shall be deemed of greater value than the Single Article Limit unless insured as a separate item”.³

List every item worth more than the single item limit on the proposal form, with a valuation.

When does a policy pay for stolen jewellery?

Only after a break-in or force, and with a police report. Liva and GIG Gulf cover theft “involving forcible and violent entry to or exit from the building” and exclude losses not reported to the police.¹²

These are excluded in Liva’s wording:¹

• items “misplaced or lost at home including unexplained losses or mysterious disappearance”
• valuables left in the open or in an unattended car, unless in a locked boot or glove compartment and there is evidence of forced entry
• valuables in transit and not in your custody or control
• loss while the home is lent, let or shared with anyone other than your family, unless there is evidence of forced entry

GIG Gulf also excludes “Loss of diamond or precious stones due to falling off from a jewelry, ornaments, watches or similar accessories” where there is no proof of a “violent, sudden and external” cause.²

Are valuables covered outside the home?

Only under a personal belongings section. Liva’s Cover 3 applies “only when shown in your Policy Schedule” and pays for accidental damage or theft with forced entry, in the UAE and “temporarily elsewhere in the world for a period not exceeding 90 days”.¹ GIG Gulf’s personal belongings and valuables cover “in and away from your Home” also applies only when shown in the schedule.²

How is a valuables claim settled?

The insurer may repair, replace or pay. Liva’s age deduction does not apply to valuables: “The depreciation does not apply to valuables, which are excluded from depreciation.”¹ GIG Gulf and QIC ask for proof of value. GIG lists “Photographs of valuables or copies of valuations in the event of theft or loss”, and QIC recommends keeping “receipts, valuations, photographs”.²³

Under the 2025 Civil Transactions Law, the insurer pays for the damage caused by the insured event up to the sum insured, and no more (Article 963).⁶

Keep receipts, certificates and dated photos of each piece somewhere outside the home.