Guiding consumers since 2009

Is your child's room adequately insured?

By Staff Writer

Gone are the days when the most expensive item in a child’s bedroom might have been a remote-controlled car or a collection of Barbie dolls.

A recent survey out of the UK reveals that children's bedrooms across the UK contain £14 billion worth of goods.

According to Bradley Du Chenne, spokesperson for Dial Direct Insurance, this trend is also relevant to certain parts of South Africa and emphasises the importance of having a comprehensive home contents insurance policy in place.

“Due to the incredible array of electronic gadgets available today, this revelation comes as no surprise. Sadly, many of these items often lie discarded and unused in kids’ bedrooms, after the initial thrill of receiving them wears off,” says Du Chenne.

The survey, published by Co-operative Insurance, found that in the UK, a teenager’s bedroom is one of the most expensive rooms in the home, often containing a gaming consol, DVD player, laptop computer, MP3 player, sound system and cellphone.

Du Chenne says: “When you factor in sports equipment and musical instruments, this can notch up to tens of thousands of rand.”

Despite these findings, three out of five parents surveyed said they believe children today own too many electrical items.

“With the festive season soon approaching and with it, gift giving and receiving, one of the most useful gifts you can give yourself is the knowledge that your household contents are adequately insured,” says Du Chenne.

Du Chenne concludes saying that many parents simply do not realise just how valuable the contents of their children's rooms are. It is important for consumers to regularly review the value of their home contents and portable possessions and, if necessary, increase the level of cover to ensure that it is adequate.

Recent Articles

Featured The bank took money from my account – is this allowed?

You’ve just deposited money into your account and suddenly you see a notification from your bank. Money has been deducted from your account to pay the outstanding debt that you have with the bank. Is this allowed?

How much does it cost to draft a will?

Having a Will allows you to determine who inherits your property when you die. If you die intestate, the government will determine how to distribute your assets. Many people die intestate because they don’t know how to draft a will or are intimidated by the costs of drafting one.

Is your home correctly priced for the current market?

The property market is typically in either one of two phases, a buyers’ market or a sellers’ market. According to real estate experts, we are currently in a buyer’s market. For this reason, it is important as a seller to correctly price your house to ensure interested buyers and a valuable sale in the end.

Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Deals

Mowana Voucher Special

Price: From R1,099
When: Before 24 December 2019
Where: Johannesburg

Birchwood Hotel Christmas Gift

Price: R959
When: Between 15 December 2019 to 1 January 2020
Where: Johannesburg

Burger & Lobster Lunch in 30 Minutes Special

Price: R99
When: Mondays
Where: Cape Town