Home insurance Updated:
Research from Halifax Home Insurance shows that we Brits are spending on average £120 a year on technology and gadgets that we won't use and will end up gathering dust.
However this does not put us off buying the gifts for other people. 15% of those interviewed admitted buying some sort of gadget as a gift due to not knowing what else to buy. Often it seems however that they just end up not being used, a fifth of people aged 26-30 admitted receiving gifts that they were never able to fathom out.
The bigger concern however is that of those interviewed, 73% would not think to check their home insurance/contents policy to see if these gifts are covered, which could leave them underinsured.
Head of underwriting at Halifax Home Insurance, David Rochester: "With Christmas fast approaching, many of us are making the most of the early sales. However, our research highlights that a significant amount of money is being wasted on techy gifts that are left to gather dust - money which could perhaps be better spent elsewhere.
"What is more worrying though is the number of people that wouldn't think to check that these items, which are often expensive, are covered under their current home insurance policy. This could leave them underinsured in the event of damage or loss."
So remember to check your home insurance policy this December to ensure you have enough cover.
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