January 17, 2021

SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

Why Christmas gifts might not be covered on your home insurance

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, SEO, Wordpress Support & Insurance, Mortgage, Loans, Legal, Etc Blogs

Christmas can be a busy time for thieves as well as Santa – and homeowners are being urged to check whether their brand new gifts are covered under their home insurance.

Brits spent nearly £30million on festive presents last year, but burglary claims rise in Christmas week as criminals take advantage, insurer Direct Line warns.

According to Aviva, fire claims also soar by 120% more on Christmas Day alone.

But comparison site uSwitch has warned that gifts may not be covered on existing policies.

It advises that some insurers will automatically increase the cover level during December to protect these extra items – but does not apply to all policies.

Homeowners are urged to check with their contents insurance provider to find out what their policy covers, and whether valuable gifts need to be covered with separate insurance.

The maximum amount insurers will pay out for a single item is normally around the £500 mark.

uSwitch says homeowners should tell insurers about any items that exceed that amount, such as jewellery, games consoles and mobile phones.

Alternatively, they coulc take out gadget insurance on separate items, so it won’t affect your home no claims bonus if a claim is made.

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