HSBC says check for 'Santa clause' on contents insurance

07 December 2004
With £23 million worth of presents sitting wrapped in British homes, HSBC has called for consumers to check that the extra value of goods is covered by their home contents insurance.

A "Santa clause" offers policy holders extra cover over Christmas, to take into account the added value not just of presents, but of festive food, drink and decorations.

Insurers including More Than and Tesco Personal Finance have increased their basic contents cover by ten per cent for the holiday season.

Insurance is especially important this time of year, as increased hours of darkness, coupled with the easy saleability of unopened Christmas gifts, make a burglar's job easier.

Head of general insurance at HSBC Stephen Young, said: "Every year, over 60,000 people have their Christmas ruined by opportunistic thieves.

"Before starting your Christmas shopping, make sure your home is secure and check that your insurance policy has a 'Santa Clause' to cover all those extra gifts."

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