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Halifax: Avoid underinsurance

04 November 2005
Don’t ruin your Christmas by being underinsured, says Halifax Home Insurance.

Halifax found many homeowners unwittingly exceed the contents allowance set out by their insurance provider - and could be penalised as a result.

"It's important to remember that the onus is on you to have the correct insurance in place to cover your gifts from loss or damage - even if they are being stored away from your home," said a spokesperson for Halifax Home Insurance.

Most insurers increase contents cover automatically in the period immediately before and after Christmas, but many homeowners forget the extended cover does not last beyond the festive period.

Vicky Emmott, from Halifax Home Insurance, says expensive hi-tech gifts for immediate members of the family boost contents value the most.

She said: "With high-value items such as iPods, PSPs and children's favourite Bandai Tamagotchi likely to feature on letters to Santa this year, a fruitful Christmas could boost the value of your home contents by hundreds or thousands of pounds."

Halifax Home Insurance offers cover on items stored away from the owner's home if they are left in an occupied house for up to 90 days.

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