Insurance policies ‘will increase value of items over Xmas’

Many insurance policies covering home contents will automatically raise the sum of the items insured both during and after the Christmas holidays, the Association of British Insurers (ABI) has warned.

This automatic increase will take place in order to account for the number of valuable gifts that people receive over the holidays.

A spokes person for the ABI, Malcolm Tarling, also issued a warning to students to make sure and check their policies’ stance on items which are in unoccupied property.

He said: “The value of items in homes tends to go up over the Christmas period, [but also] in the months after Christmas as well.

“I would imagine there is an above average number of iPods and digital TVs and camcorders and technical gadgets and all the rest of it.”

A recent survey from Liverpool Victoria found that the average home in the UK has over £25,000 worth of content.

Tags: Insurance, property, order, unoccupied property, content, technical gadgets, Xmas, Christmas period