You need to keep your vault updated with valuables you want to insure during your policy year.
If an item is not in your vault, it'll have a single article cover limit of up to £500.
E.g. If your phone is valued at £400 and you haven't added it to your vault - it will still be covered.
However if your phone is valued at £600 and you haven't added it to your vault, it will only be covered up to £500. Of course if it is in your vault at £600, then it will be covered for £600.
If you would like to insure items for more than this, you'll need to add items to your Vault 🔓