'Christmas gifts increase home contents risk' by Finance News Bulletin

Published: 05/12/07

touching accounts from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My Budget Day on November 21st in an effort to encourage populace to take control of their financesThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU Mutual

investigate has revealed that 20 per cent of people will spend over £500 on gifts for their appreciated ones at Christmas and 40 per cent will spend £300 or lessLaura Wood, representative for the firm said: "People do not consider the cumulative worth of the gifts which they store or bring into their home during the celebratory season"Considering how presents and Christmas foodstuff will affect home contents insurance is "vital", she addedpopulace should also check whether their insurance covers them against incidents such as the stop working of a freezer, said Ms Wood, as electrical cuts or long-term power defeat could prove "disastrous" for ice-covered festive food

According to Direct Line Home cover, 42 per cent of people hide all their presents

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