- Nearly two in five (37%) UK adults will hide gifts in their shed or garage this Christmas, despite not all insurers providing cover for contents in outbuildings
- Shed Stashers will store an average of £190 worth of Xmas presents outside
- Nearly half (45%) of UK adults are concerned about the prospect of being burgled, despite just 47% of Brits having suitable contents insurance
- LV= Contents insurance provides cover as standard for contents in places such as sheds and garages
New research from LV= General Insurance reveals that nearly two in five (37%) adults will hide gifts for loved ones in an outdoor space this Christmas. But more than half (53%)* of Brits risk a season of sad tidings by not having contents insurance ahead of the UK’s peak burglary season.
On average, Brits expect to hide around £190 of festive goodies in outbuildings with the most popular items being bikes (30%), jewellery (8%) and televisions (6%).
The results also revealed nearly one in five (18%) of those who have insurance don’t know if their policy covers theft from outbuildings such as sheds and garages, despite them being a target for thieves. Average Xmas spends now top £856* but many households have not checked that their contents insurance is in place or sufficient.
With burglaries increasing over the festive period (to an average of 37,000 per month)**, LV= General Insurance is urging families to keep their home safe and secure over the festive season with these top tips: https://www.lv.com/home-insurance/staying-safe-over-the-festive-period.
Heather Smith, Managing Director of the LV= Direct Business said: “The festive season is unfortunately the most profitable time of the year for burglars, so it’s worrying that so many people are leaving their precious Christmas gifts at risk. Don’t let burglars use your front window as their shop window by leaving presents on show - keep them well out of sight. Outbuildings can be a great place to store a bike or toy car, but they can be a soft target for thieves – so keep garages and sheds securely locked and avoid storing valuables in them. Also, check your policy to ensure you’ve got the right cover.”
LV= Contents insurance covers items stored in outbuildings as standard. Over the festive season, contents insurance also increases by 10% for all customers and applies from 25th November – 25th January.
UK’s top 10 presents to store in an outside storage space:
- Children's role play sets
- Children's electric car
- Outdoor playground equipment
- Board games
- Doll's house
UK’s top places to store Christmas presents:
- Under the bed
- Outbuilding (e.g. shed, garage)
- Airing cupboard
- Under the stairs
About Liverpool Victoria General Insurance Group Limited
Liverpool Victoria General Insurance Group Limited (LVGIG) is an LV= branded strategic partnership between LV= and Allianz Holdings Plc, following the sale of a 49% stake in LV=’s General insurance business on 28th December 2017, creating the UK’s third largest personal insurer with over £1.7 billion annual premium income.
LVGIG is a holding company employing over 3000 staff and incorporating two regulated insurance companies. Liverpool Victoria Insurance Company Limited (LVIC), registered in England and Wales number 03232514 and Highway Insurance Company Limited (HICO), registered in England and Wales number 03730662, both registered at County Gates, Bournemouth, BH1 2NF are part of the Liverpool Victoria Group of companies and are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. (LVIC FRN number 202965 and HICO FRN number 202972).
LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Friendly Society Limited and LV= and LV= Liverpool Victoria are trading styles of the Liverpool Victoria Group of companies.