Mortgage Industry News

← Back

UK mortgage holders must not underinsure

Date: Wed, 09 Nov 2005

UK mortgage holders are being warned against underinsuring possessions especially in the run-up to the festive period.

Halifax is urging consumers to double check that their current home insurance polices allow for the increase in contents cover as expensive presents are purchased in preparation for Christmas Day. Popular presents such as iPods and PSP's could mean that some UK mortgage holders could be out of pocket if they become a victim of crime.

Homeowners are also being advised to make sure they increase their contents cover after the holiday season, especially if they are lucky enough to receive a few luxury goods from Santa.

"Although some insurers will increase contents cover over Christmas this still leaves the problem of re-evaluating your contents in the New Year," said Vicky Emmott, senior underwriter Halifax Home Insurance.

"It's also vital for people without unlimited cover to remember to update their insurer with any changes to their contents value."


© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.