Parents urged to insure nursery build
www.moneynews.co.uk > Insurance > Parents urged to insure nursery build
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Money News |
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Parents urged to insure nursery build
Fri 13th Jul 2007
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Research from Halifax shows that new parents spend an average £2,628 kitting out their new arrivals' nursery – which is almost half the cost of a new Peugeot.
Expensive TV sets feature highly in kids' nurseries, with one in five children believed to have one in their nursery.
The group also cites a lack of budgetary planning as the reason why costs can soar on such a project, with over two-thirds of parents with children under the age of three not budgeting.
Vicky Emmott, senior manager of underwriting at Halifax Home Insurance, said: "The new baby boom is all about the amount parents are spending, to ensure their children start life in a luxury home nursery."
Parents with existing insurance policies are being encouraged to check its details to ensure they have adequate cover.
Related News : Insurance |
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Related News : Halifax |
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