Check your insurance cover
The beginning of the year is a good time to check that all your insurance cover is still adequate. Insurance cover for your home and your household contents should be increased to keep pace with increases in building costs and the cost of household goods.
The value of your vehicle, however, is depreciating all the time, and you may therefore want to reduce the amount for which it is insured, as your insurer will, in the event of a claim for the total loss of the vehicle, probably pay out only its current market value.
If you were lucky enough this festive season to receive some expensive presents or you treated yourself to something with your annual bonus, remember to consider insuring the likes of cameras, bicycles and jewellery under the allrisks section of your policy.
File the invoices in a safe place so that you can produce them to prove the value of your goods should you need to lodge a claim.