Avoid mis­er­able Xmas

NT News - Real Estate - - Realestate Market Place - ANTHOINY KEANE

Boast­ing about sum­mer hol­i­day plans on so­cial me­dia could be your ticket to fi­nan­cial heartache.

In­sur­ance spe­cial­ists are warn­ing house­holds to be care­ful about their travel chat­ter on Face­book, In­sta­gram and other on­line plat­forms ahead of an ex­pected sum­mer spike in bur­glar­ies and other in­sur­ance claims.

New data from Sun­corp shows that claims for break-ins, elec­tri­cal faults and bar­be­cue mishaps surged 68 per cent dur­ing last year’s De­cem­berJan­uary pe­riod.

Sun­corp spokes­woman Ash­leigh Pater­son said claims data also showed that cash, elec­tron­ics and jew­ellery were thieves’ top three tar­gets, and warned peo­ple to take care on so­cial me­dia.

“With nearly a third of peo­ple shar­ing their travel plans with their net­works, it’s im­por­tant to re­view your pri­vacy set­tings be­fore you post,” she said.

The In­sur­ance Coun­cil of Aus­tralia also says peo­ple should avoid putting travel plans on so­cial me­dia.

Ms Pater­son said now was a good time to re­duce risks and check in­sur­ance poli­cies for ad­e­quate cover. “You might have bought more items that you are not cov­ered for,” she said. “Don’t un­der­es­ti­mate the cost of your be­long­ings. Keep a list, re­ceipts and how much it would cost to re­place them.” She said peo­ple should: • Ask friends or neigh­bours to keep an eye on their homes and noz­zles us­ing soapy wa­ter to check for leaks.

Last year alone Sun­corp re­ceived more than 900 claims re­lat­ing to bar­be­cue fires or ex­plo­sions.

Un­der­stand In­sur­ance spokes­woman Lisa Kable said more than 80 per cent of house­holds were likely to be un­der­in­sured and one-third of peo­ple for­got to up­date their poli­cies to in­clude new pos­ses­sions.

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