Newlyweds 'need to review insurance'Thu, 07/05/2009
Newlywed couples should review their insurance cover, according to an expert.
Direct Line says that presents gained from friends and family can increase the total cost of the contents of a home, meaning it is important to review policies after saying "I do".
The firm's 2009 research estimates that 150 guests could splurge a total of £11,850 on presents and three per cent of those staying overnight at ceremonies may give £500 worth of goodies.
The amount of cash spent on flowers, jewellery, a wedding dress and other outfits could run into thousands.
Although thinking about financial matters could be far from the minds of a couple enjoying their wedding night, it is still important to do so, head of home insurance at the company Andrew Lowe says.
"It will be a shrewd newlywed who checks their insurance policy to make sure that all of their purchases and gifts are protected in the event of loss, damage or theft," he comments.
Popular places for weddings include churches, hotels, registry offices and castles.
Those tying the knot soon could have an insurance Q&A to see how their finances could change along with their personal life after the big day.