23
Nov
Costly Christmas presents 'can impact on house contents insurance'
Homeowners who are the recipients of costly gifts this Christmas
should consider how this could impact on their home insurance, it
has been claimed.
According to figures from Direct Line, £18.3 billion will be
lavished on presents this Christmas, with almost 40 per cent of
people planning to spend up to £300.
The value of the extra goods in your home could have serious
implications the validity of your home insurance - especially since
burglars often target homes around the festive period, according to
Andrew Lowe, head of home insurance at Direct Line.
He said: "With all the extra possessions in the home, Christmas can
be a popular time for burglaries so people need to make sure they
are vigilant with their home security.
"After Christmas and New Year some may find that the value of their
household contents has significantly increased in value, so it is
worth reassessing home insurance policies to make sure people are
not underinsured."
