Debt problems from inadequate insurance
13/12/2010People in the UK without up to date home insurance policies could face debt problems should they fall victim to an act of burglary.
Insurance firm Aviva warns consumers they could face more debt problems should the higher levels of valuables households contain over Christmas get stolen.
A good contents insurance policy will allow consumers to claim money or replacements for any digital cameras, games consoles or laptops which get stolen.
Having to replace these items in the New Year when VAT goes up will cost a lot of money, which could give rise to debt problems.
Kevin Still, Director of Atlantic Finanacial Mananagement says, "Prevention is better than cure, so protecting against expenditure shocks can be a wise investment often at the same price as your current insurance if you haven't shopped around for some time.
Debt solutions can often be avoided if the right protection is put in place, our sister company MoneySave Financial Solutions provides this type of service at www.moneysaveinsurancesolutions.co.uk." 
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