<< Most Recent Articles

Children's bedroom contents 'worth thousands'

The average British child's bedroom contains an extremely valuable collection of toys and technological devices, new research has revealed.

According to the report from Lloyds TSB, the contents of a typical youngster's bedroom are now worth £1,720 - a seven per cent increase on 2006's figure of £1,607.

In addition, one in every ten UK bedrooms contains items worth over £3,000, with many children filling their personal spaces with the latest games consoles, televisions and mp3 players.

"Their value is only going to increase this Christmas as parents splash out on the latest must-have toys," said Phil Loney, managing director of Lloyds TSB Insurance.

"But despite kids' bedrooms costing a small fortune, many homes may not be adequately insured, as parents don't necessarily know how much their home contents are really worth," he added.

Mr Loney advised homeowners to calculate exactly how much the possessions kept in the home at worth, before checking that their insurance policy provides sufficient cover.

This week a survey from Abbey found that 29 per cent of homeowners plan to hide Christmas presents in their garden shed or garage. A personal loan can help with insurance costs.

See how much you could borrow when you apply for a loan with Lombard Direct.

© Adfero Ltd

04/12/2007 16:54:01

Most Recent Articles