Check your contents insurance
Many households could be exceeding their contents insurance after Christmas as new purchases push them over their contents insurance limit, according to Halifax. While many insurance providers offer an increase in their contents insurance allowance for a nominal period before and after Christmas, these extensions often run out on or before the 15th January.
Halifax Home Insurance, which offers all year round unlimited contents insurance, says that following Christmas many households exceed the contents allowance, and so may not be fully insured if their belongings are stolen.
Vicky Emmott, senior underwriter Halifax Home Insurance comments:
“Householders should check their insurance policy documents to ensure they are not underinsured following Christmas. It’s vital for people without unlimited cover to remember to update their insurer with any changes to their contents value and be aware that some insurers, but not Halifax, will penalise customers who underestimate the value of their belongings.