If you were fortunate enough to unwrap the likes of an e-bike, a new piece of jewellery, a set of golf clubs or another gift worth more than $5000 over Christmas, now’s the time to make sure it’s insured.

“So many of us have been enjoying a break over summer and may not have yet thought about protecting gifts from Christmas, if this is you, then now’s a good time,” says FMG’s Head of Product and Planning, Zoe Morley.

From those who have insured their gifts, FMG is certainly seeing a lot of e-bikes being covered along with engagement rings as couples plan to tie the knot.

“It’s great that our clients are proactively protecting their presents and we encourage others if they haven’t yet done so, to make it a priority.

“Engagement rings are definitely something to specify with your insurer if the value is over $5000. Some wedding gifts may also fall into this category. Either way, it pays to check with your insurer if the items should be covered,” says Mrs Morley.

While you’re updating your insurance, you may also want to consider other items purchased over the past year.

“In lieu of an overseas holiday we’ve heard that people have invested the money elsewhere, for example in campervans or spa pools. Have a think back over the year and whether you need to update your other insurances.”

At FMG, the following have a $5,000 (ex GST) policy limit and need to be specified if they fall over this amount:

  • Hearing aids
  • Prescription sunglasses
  • Glasses
  • Dentures
  • Sports equipment (including e-bikes)
  • Valuable items including:
    - Watch
    - Item of jewellery
    - Gold or silver article
    - Fur
    - Coin, card or stamp collection
    - Work of art
    - Fragile item
    - Camera or video camera

Give us a call on 0800 366 466 if you’d like to double check your Contents cover, or you can register for our online service - FMG Connect, and instantly check your policies, update your details or add any specified items worth over $5000.