1 min Read
10 Dec 2012

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

More about Damien

Does your home insurance cover Christmas?

At this time of year you are probably more worried about getting those last minute presents than thinking about home insurance. But sparing a moment to make sure all those expensive gifts are insured could help avoid a miserable Christmas, should the unexpected happen.

According to a previous study by Defaqto, around 90 per cent of home insurance policies increase their level of cover over the Christmas period automatically. However, the amount by which insurers increase their policies varies considerably. Typically the Christmas allowances range from £1,000 up to £25,000. That means that at a time of year when the value of a typical household's items is at it's highest (what with all those lovely presents) a lot of this is uninsured.

In addition, the duration of any increases can vary considerably - but typically start from 30 days preceding and end 30 days after Christmas.

So make sure you check whether your home insurance policy covers Christmas!

(Image: Idea go / FreeDigitalPhotos.net)

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  1. SavvyScot @ SavvyScot.com December 11, 2012 at 11:49 am

    You make a great point… All those presents sitting under the tree must seem so inviting!