Over-prepared Christmas shoppers 'may risk home insurance claims'

Posted : 27-11-2007

A tenth of people start stockpiling Christmas presents for loved ones in the first half of the year, according to new figures.

In light of this, Abbey has urged consumers to ensure that their home insurance policy covers their purchases.

The provider states that while many policies offer additional protection over the festive period, some may not cover Christmas purchases, which could prove costly if an unexpected mishap was to occur.

Prasad Shastri, head of home insurance at Abbey, comments: "With the additional Christmas cover on the majority of insurance policies coming into effect on December 1st there is a risk that many people are unwittingly without the appropriate cover for the gifts they have been buying."

In related news, recent research by Direct Line suggests that 42 per cent of Britons hide all their Christmas presents in one place, which may increase the likelihood of having to make a home insurance claim if all were to be damaged or stolen in one go.


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