(12/11/2008) Insurance warning for homeowners at Christmas

Comment from Compareandsave.com

If you are writing any stories on the dangers of home insurance policies that don't cover Christmas purchases then Brad King, MD of compareandsave.com, the leading online credit card and personal finance marketplace, is able to comment

A summary of his viewpoint is below but please don't hesitate to contact the team at BOTTLE PR on 01865 882988 or email louisashutie@bottlepr.co.uk or bridgettaylor@bottlepr.co.uk

"As consumers fill their homes with expensive gifts for loved ones this Christmas they should be aware that their home insurance may not cover them if they go over their contents limit.

In 2007, the average couple forked out £840 on presents, drink and decorations during the Christmas period and research we recently conducted shows many don't plan to cut back this year.  Unfortunately expensive gadgets and toys not only make great presents but they are an appealing target for thieves.

Before hitting the shops consumers should be looking at their home insurance policies to check they have sufficient cover their Christmas purchases.

Fortunately, the majority of home insurers offer, as standard, increased cover for a period of time before and after Christmas - this is usually a set amount of approximately £5,000 or 10%.

If an insurer does not offer extra cover over the Christmas period consumers should speak to them about taking out additional cover over the festive period. It's not worth taking the risk of going without.

When up for renewal it is always worth consumers taking time to compare home insurance policies to see if they can get one that includes additional Christmas cover for a similar price. This could not only save people money in the short term but could also result in big long term savings."

Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.

Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.