The value of Christmas presents can "significantly" affect home contents insurance, warns NFU Mutual.
Research has revealed that 20 per cent of people will spend over £500 on gifts for their loved ones at Christmas and 40 per cent will spend £300 or less.
Laura Wood, spokesperson for the firm said: "People do not consider the cumulative value of the gifts which they store or bring into their home during the festive season."
Considering how presents and Christmas food will affect home contents insurance is "vital", she added.
People should also check whether their insurance covers them against incidents such as the breakdown of a freezer, said Ms Wood, as electrical cuts or long-term power loss could prove "disastrous" for frozen festive food.
According to Direct Line Home Insurance, 42 per cent of people hide all their presents in the main bedroom of their house.
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