Halifax Home Insurance, says that following Christmas many households exceed the contents allowance offered in the terms of their insurance policies, and so may not be fully insured if their belongings are stolen.
A number of insurers seek to solve the problem of festive underinsurance by increasing their level of contents insurance cover for a nominal period before and after Christmas. But Halifax points out that many of these seasonal extensions expire before or on January 15 2006 – and could leave many households immediately underinsured.
Vicky Emmott, senior underwriter Halifax Home Insurance comments:
“Householders should check their insurance policy documents to ensure they are not underinsured following Christmas. Halifax policyholders can relax as unlike most insurers it offers unlimited contents cover all year round. Although some insurers will increase contents cover over Christmas this still leaves the problem of re-evaluating your contents in the New Year.�
