Skip to main content

Why Christmas gifts may not be covered on your home insurance

Christmas is the time of giving and sharing, but homeowners should be wary of whether their brand new gifts are even covered on their home insurance.

Brits are expected to spend £26.9billion on festive presents this year, according to finder.com.

uSwitch is urging people to check with their insurers

So it’s reassuring to know whether expensive presents will be covered in the case of a burglary or fire.

Christmas is a busy time for thieves, with criminals taking advantage of high-value items and burglary claims rising in the week surrounding Christmas, as reported by Direct Line.

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

Some insurers will increase cover for December only

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

uSwitch advises that some insurers will automatically increase the cover level during December to protect these extra items.

But this is not applicable to all policies and the increased offer will differ depending on the insurer.

Homeowners are urged to check with their contents insurance provider to find out if their insurance has already been adjusted.

Video Loading

Insurers will also implement a single article limit, which is the maximum amount that they will pay out for a single item.

This is normally around the £500 mark, but valuable gifts may need to be covered on a separate insurance policy.

uSwitch is telling homeowners to check the single article limit and tell insurers about any items that exceed that amount, such as jewellery, games consoles and mobile phones.

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


Read More

Comments

Popular posts from this blog

Car insurance for learner (new) drivers

Car insurance for learner drivers
Learner driver insurance holds a short term vehicle protection policy that insures both your car or someone else while you operate a provisional licence. If you are going to be learning to drive in your vehicle, you can arrange yearly learner driver car insurance which you can refresh once you have passed your examination. Or, you can arrange a short term policy it is completely up to you.
Also, remember to place your L plates on or D plates in Wales or you may risk a six-point penalty on your licence.

Student driver insurance rules
Learner driver insurance grants you to train in virtually any vehicle, in any case long as you have authority, although there are several rules to comply. By law, your obligation is to be supervised by a licensed driving teacher or a qualified motorist who is above 21 years old. The person overseeing you need to have held a full driving licence for 3 years, be qualified to operate the vehicle you are learning in, not be intoxica…

3 Ways to find cheap car insurance (USA)

Find cheap car insurance in 3 easy steps
You want the best product, but require to spend as little as possible. That goal could apply to simply about anything, including car insurance. Everybody wants to spend less on coverage, but how do you find cheap car insurance?  Car insurance costs can alternate by company and region. looking for vehicle insurance can pay off and get you a more affordable deal that still delivers the coverage you require. You should connect car insurance quotes from various companies to find the most suitable coverage and price. But don’t make the mistake of focusing solely on price; make sure you're getting the coverage you need. Also, understand how to compare car insurance before making a choice.  we have provided 3 easy steps you should take to find more affordable car insurance.
1. Comparison shop
Sure, it's crucial to analyse car insurance quotes from multiple markets, but look beyond price. Insurance presents a safety net between you and financial disa…

What is life insurance?

What is life insurance?
Life insurance, which can similarly be recognised as life cover or life assurance is a kind of policy that grants you peace of mind so you and your cherished ones. It can support reduce the financial influence that your death could have upon your family.
Most life insurance plans are created to pay out a cash amount to your cherished ones if you die while covered by the plan. It can support them to deal with everyday money problems such as house bills, childcare expenses or debt payments.
You determine the amount of cover you require and how long you want it for. Life insurance under joint or single names also you can pay your premiums monthly or yearly. For added help, take a look at life insurance calculator preferentially speak financial adviser.
Do I need Life Insurance?
The response to this depends on your personal circumstances. However, if you have people that need you financially, such as children or a spouse who relies upon your income due to the costs join…