Shoppers are being urged to think carefully about where they hide their Christmas presents this year, as misplacing them can be an expensive mistake.
Insurance expert Sarah Applegate warns that using creative hiding places for gifts could cost you.
Sarah, head of data science at Aviva, says you should check the terms and conditions of home insurance before deciding where to keep your current money to keep prying eyes away.
The 32-year-old has worked at the insurance company for eight years, and is often asked by family and friends about how to get the best renewal rates or how to claim coverage.
She said: “Interestingly, they don’t always find Insurance money the most engaging conversation over dinner, but they always appreciate help when they get stuck. ”
However, one thing they may not know to ask is where to hide Christmas present.
Content coverage will cover you if any item in your home is stolen or damaged up to a certain amount.
But the amount of coverage often varies considerably for items stored in a warehouse, garage, or car.
If your gifts are stolen or damaged and you are storing them outside Home page, you may not be covered.
According to Aviva, about 8% of gift givers hide their things in the garage or shed, and another 7% keep their gifts in the car before the big day.
“Sadly, thefts tend to increase during the dark months and if gifts are stored in traditional places like cupboards or under the bed, they can be more easily found by thieves,” says Sarah.
“But there are important considerations if you store your gifts in your main home and if items are stolen from these spots, you may not be able to claim the full cost of the gift if the value is above your insurance limit. Friend.”
Is my gift insured?
How much coverage you have will depend on your policy.
For some insurance content There is no limit to how much you can claim for items stolen from your home, while other policies may limit it to £50,000 or £100,000, for example.
There’s also usually a one-item limit, so you can’t ask for more than a certain amount of each item.
This figure is usually £1,000 or £2,000, but again will depend on your particular policy.
But the limits are often very different for items stored in a garage, shed, or building.
And whatever is left in your car is covered by your motorcycle’s insurance, not your home’s insurance, so that’s a completely different limit.
Claim limits for stolen items in annex buildings are typically around £1,500.
Limit the content of Car’s insurrance Policies tend to range from £100 to £1,000.
That means if you are buying Christmas gifts for all the family and hide them in the car, you may not have enough covers to replace things if they are stolen.
“Customers should consider carefully if warehouses and cars are really the best places to store their goods,” says Sarah.
What to pay attention to
In or on top of a closet is the most common place to hide gifts, while 17% of people keep their gifts under the bed and 12% in the attic.
And 38% of people are so good at hiding their gifts, they forget where they got an item – sometimes never finding them again.
Many people will be doing their Christmas shopping early this year to help spread their spending when Cost of living continue to increase.
We talked to a mother who had it all Christmas shopping done before September.
And while it’s good to stay organized, you should also be mindful of how you store your goods.
People spend an average of £585 on Christmas presents, but one in 10 shoppers expect to spend more than £1,000.
These items may not be covered if they are stolen or damaged and you have kept them out of the house.
Read the terms and conditions of your insurance policy, and when you go shopping for coverage, look out for claim limits.
Martin Lewis recently encouraged drivers to check Car insurance ahead of a big change next month.
And we have considered Exact date to renew your insurance to get the best deal.
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https://www.thesun.co.uk/money/16929164/insurance-expert-mistake-hiding-christmas-presents/ I’m an insurance expert – and parents need to avoid the simple mistake that could ruin Christmas