The onset of dark winter evenings usually gives rise to an increase in burglaries and Defaqto suggests that homeowners check that their contents insurance policy offers adequate cover for cash they may have at home .
At this time of year some people will be keeping an unusually high amount of cash at their property so that they can pay for large Christmas purchases, or holiday money if they are about to go on a winter sun or skiing holiday .
The independent financial research company analysed 299 home contents insurance policies and found that 26 per cent of home contents insurance policies provide cover of less than £500 for cash in the home and a further 4 per cent of policies provide no cover at all.
Mike Powell, Defaqto’s general insurance analyst, said: “Some people may have considerable amounts in money if they’re about to go on holiday or buy something expensive using cash. Coverage for cash differs considerably among insurance policies .
Burglaries increase during the winter months and it’s important that you check that you’ve got adequate cover in case you become a victim.”