3 Dec

Home insurance covers Xmas gifts, says ABI

Home insurance covers Xmas gifts, says ABI

Homeowners can rest easy in the knowledge that home insurance policies will cover the cost of Christmas presents, it has been claimed.

According to home insurance provider Direct Line, expensive presents being stored in the home over the Christmas period means that the value of home contents often increases massively.

Therefore, the home insurance provider, said it is imperative that homeowners to increase the cover provided by their home insurance policy.

However, Malcolm Tarling the Association of British Insurers has rebuffed these claims.

He said: "Many policies will now automatically increase your sum insured on a temporary basis for the months either side of Christmas to take into account the value of items that you've got in your home - the increased value of items you've got - over that period."

Mr Tarling did however urge homeowners to check the terms of their contracts to ensure that extra cover is provided during the gift-giving season.

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