PersonalDecember 22, 2020

Is your Home Insurance ready for Christmas?

What’s the first thing that comes to mind when you think of Christmas? Is it Santa Claus and his merry band of reindeer, the Nativity, spending good times with loved ones, displaying your questionable acting skills which playing charades or the simple act of giving and receiving gifts to and from your loved ones?

No matter what your Christmas looks like, for many of us, the collective wealth of your possessions is likely to go up either moderately or significantly around Christmas time.

Reviewing your Home Insurance 

Many insurance policies account for this by providing extra cover around Christmas, but if you need more than the standard limit, which varies depending on your provider, it’s important to contact them before you start overlooking expensive gift purchases.

What to look out for 

By paying attention to newly purchased or acquired items, you will be less likely to be disappointed if you do need to claim for a break-in and don’t receive the settlement you were expecting.

Underinsurance is already a problem for many homeowners across the UK, not even taking the Christmas period into account. If you underinsure your contents, which can easily happen if you’ve not notified your insurer of recent big purchases, then your claim amount can be reduced by the same percentage you’re short on your cover allowance. Don’t let a miscalculated Christmas spend could put a dampener on your festive cheer.

Get in touch with The Insurance Centre

If you’re not sure how much your insurance increases over Christmas, or whether it does at all, check your insurance policy, or get in touch with your provider.

Of course, Christmas wouldn’t be Christmas without a well-stocked fridge, which could breakdown when you least expect it. While you’re on the phone to your insurer or dropping them at email, check that the food in your fridge is covered should it stop working, so those gold-dusted profiteroles and that healthy-sized cheeseboard can be replaced without extra cost to yourself.