Newly-weds must update contents cover
April 25, 2007 by admin
Filed under News, News-Insurance
Newly-married couples in Britain are being warned that they must ensure they have adequate cover for any wedding gifts they receive.
We are entering the traditional British wedding season and Churchill Home Insurance is concerned that many couples are not taking precautions.
One in ten married couples estimate that they received around £3,000 or more in gifts on their special day and this has a big impact on the value of their home contents.
However, many people do not take action and, should the worst happen, their home contents insurance does not cover the cost of the goods.
“Newlyweds should consider the insurance implications of receiving such a large number of valuable gifts and the impact this could have on the value of their home contents,” commented Frances Browning from Churchill Home Insurance.
“We urge all newly-married couples to check their home insurance policies to make sure they have adequate cover to suit their needs.”
Churchill calculates that the average wedding gift costs in the region of £60 which means that the total value of gifts can quickly add up.
The most popular wedding gift is money or vouchers, while traditional gifts such as kitchenware and electrical appliances also rank highly.
Make sure that you are adequately insured by regularly updating your contents insurance cover.
‘Review home insurance after wedding’
March 26, 2007 by admin
Filed under News, News-Insurance
The British Insurance Brokers’ Association (Biba) has today revealed that re-thinking home insurance after a wedding is vital.
According to Biba, couples are putting many items at risk by not ensuring that they are properly covered and that newlyweds should consider getting in touch with an independent financial advisor.
Wedding presents are becoming more and more valuable and friends and family lavish gifts on their loved ones – making it all the more vital to ensure items have home insurance policies.
Graeme Trudgill, manager of technical services at Biba, said: “The key thing here is to make sure that all your items are covered.
“Before you got married, you probably had £20,000 worth of stuff and one toaster. But after you get married you receive lots of wedding presents, jewellery, and seven toasters, so it’s very likely that you’ll just need to review what cover you have.”
His comment come as research from Direct Line Home Insurance has revealed that same-sex couples have paid out more than £62 million on civil partnership ceremonies in the UK since they became available in December 2005.
