Black Friday has been and gone and thankfully it was less hectic this year. Love or hate this American concept of Christmas shopping, retailers are at their busiest time and many of us are starting to panic about what to get our loved ones.
According to research from vouchercodes.co.uk the average household spend on Christmas presents will be just under £600 this year. The Daily Mail likes to stir it up, as ever, reporting that women hope their partner will spend at least half a week’s salary on their Christmas gift. So for the average wage earner of £30,000 that’s around £300 on one person alone. If you’re earning £100,000, that’s £1000 you should be splashing out on your better half this Christmas.
Whether you’re intending on spending more or less than that, there’s no denying Christmas entails plenty of purchases and many of these gifts will be sitting around your house in the run up to Christmas (or if you the lucky recipient, become a permanent fixture in your home) adding to the value of your household contents.
So are all these new purchases protected from loss, damage or theft under your household insurance policy?
Understandably Christmas present insurance is the last thing on our minds at this time of year but, as insurers know only too well, darker nights and worsening weather add up to an increase of theft and damage claims. (Burst pipes ruining Christmas presents is a common one.) And the mistake many people make is splashing out on expensive gifts only to find they aren’t covered if they are stolen or damaged prior to giving them out.
If there’s one thing you should remember this Christmas when you are buying your presents, it’s to check your home insurance to see if Christmas present insurance is included.
Under our Executive Home and Executive Plus policy, you get automatic cover for gifts up to a total of £10,000 (£1000 per item), for a month before and after Christmas. In addition, if you are lucky enough to receive an expensive gift that’s not automatically covered under your current limits, you have 60 days to inform us of the new purchase and pay the addition premium, just in case you forget to notify us straight away.
Need to upgrade or renew your cover, or just need to check your current limits, get in touch with us via our website or call us on 01489 579808.
Happy Christmas Present Buying!
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