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Christmas gifts 'at risk'

People who Santa was nice to at Christmas need to think about their home cover, one institution has said.

Fair Investment Company (Fic) statistics have shown that 72 per cent of privately-rented homes in the UK do not have cover for their contents, which is leaving £50 billion worth of Christmas gifts at risk.

James Caldwell, director of Fic, has advised people to ensure that they have adequate home insurance that covers their expensive Christmas gifts.

"Christmas is meant to be a time of enjoyment and these days the gifts we give are more expensive than ever before," he said.

"However the good times can quickly go bad if there is a breakage or, worse still, a burglary. The amount of money lost can really mount up, especially if you don't have a policy that covers all your new purchases."

He added that many policies now offer additional cover for gifts or emergency cover in the event of an accident such as a burst pipe.

Fic recently advised consumers to insure their pets as well as their homes to provide the essential care for the animals they love.

See how much you could borrow with a home loan from Lombard Direct.

© Adfero Ltd

07/01/2008 10:03:45

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