Christmas presents and biscuits

So what was the cost of Christmas?

Now that the festivities are over, we take a look at the cost of Christmas and ask whether you have considered the cost of loss or damage of your new gifts both in and out of the home.

Virgin Money Home Insurance customers would be pleased to know that  we automatically increase cover for religious festivals and birthdays on our Gold and Silver cover levels to include gifts, food and drink during the month of the event. But now the festive period is over, it is the time to think about whether you have the right cover in place to protect your new presents in and out of the home.

So what does Christmas cost?

Households were expected to have spent on average £796 on gifts, assorted extras such as cards, food and drink. This equates to £21.8m!1


Men were likely to spend more on food compared to women 2

infographic showing the amounds men and women spend on food and presents. Men spend £178.04 on food and £312.07 on presents. Women spend £144.05 on food and £314.63 on presents


On average the top 12 Christmas toys cost £714. It cost £837 to keep up to date with the top 12 gadgets and tech gifts 3

Infographic showing value of top 12 toys of £714 and top 12 tech gifts at £837.34

With the new presents unwrapped Virgin Money Home Insurance customers should have peace of mind knowing that they have £1000 gadget cover as standard on all our products, and accidental damage cover for electronics as standard on our Silver and Gold products.

Personal possessions, such as tablets, mobile phones and jewellery, which are taken away from the home need to be covered should anything happen to them whilst you are out and about. Consider adding this optional extra to your policy, if you’re not already covered. At Virgin Money Home Insurance, we don’t charge an admin fee for updating your policy.

7 out of 10 people do not have cover for personal possessions away from the home4

Claims for personal possessions in 20154

Infographic showing showing Home Insurance claim reasons: 25% accidental damage, 15% theft, 60% accidental loss

Will you need to update your contents policy? With our three levels of Home Insurance cover and optional extras, you will only pay for what you need. Get our best buy price however you apply – do it online, over the phone or by popping into one of our Stores.

Virgin Money Home Insurance is promoted and arranged by Virgin Money Personal Financial Service Ltd and arranged and administered by Ageas Retail Limited. Home Insurance is underwritten by Ageas Insurance Limited, who are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 202039). Virgin Money Personal Financial Service Ltd (Financial Services Register No. 179271) and Ageas Retail Limited (Financial Services Register No. 312468) are authorised and regulated by the Financial Conduct Authority. Virgin Money Personal Financial Service Ltd (Company No. 3072766) is registered in England and Wales. Registered Office Address – Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Ageas Retail Limited (Company No. 1324965) and Ageas Insurance Limited (Company No. 354568) are registered in England and Wales. Registered Office Address – Ageas House, Hampshire Corporate Park, Templars Way, Eastleigh, Hampshire SO53 3YA. Additional cover, such as Home Emergency, Garden Cover and Legal Protection, is provided by one of a number of providers, details of which can be found in our Terms of Business Agreement.



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4 Ageas Insurance Limited claims data 1 January to 30th November 2015


About Ian Humphreys