Love-struck Britons of all ages planning a wedding this summer have been urged to factor money into their matrimony.

According to Halifax, there is a risk that the presents lavished upon newlyweds will add significantly to the value of their home contents. As such, it urges those who have recently tied the knot or who are planning on doing so during the summer wedding season to make sure that their insurance provider is able to cover the full value of their home. The financial services provider also explained that expensive items such as wedding rings may need to be insured separately and urged happy couples not to neglect doing so.

For those who are planning their dream wedding but are finding it difficult to find the funds to make the day perfect may be interested in taking out a personal loan. In doing so, people may be able to make sure that rings are just right and after-ceremony celebrations get their marriage off to a flying start.

Senior technical claims manager for Halifax Home Insurance Vicky Emmott commented: “Those looking forward to their big day are likely to have a house stacked full of wedding goodies including presents, bride and bridesmaid dresses, new suits and wedding rings. All these items can add up to a princely sum and with all the planning that goes into arranging a wedding, ensuring that home contents insurance is adequate may not be top of everyone’s list.”

The group noted that most insurance providers offer sum-insured policies that only secure contents up to a particular point. If new items of considerable value are brought into the home, then it is the responsibility of the homeowner to make sure that insurers are made aware. Failing to do so could result in newlyweds finding they are left without the protection necessary to replace new gifts if they are burgled. In such an instance, turning to a low-rate loan may prove an effective way to replace items quickly.

Halifax also reminded those heading off on their honeymoon to make sure they did not forget to make sure their property was secure before leaving. The group suggested that a house that appears empty for a long period of time would prove an attractive target for thieves.

The risk of fire and flooding was also used to exemplify the importance of protecting the home to its full value to avoid being left short at an already difficult time.

Concluding, Ms Emmott noted that while there is plenty to consider when planning for a wedding, it is vital to make sure that checking the level of cover afforded by a home insurer is not neglected as the big day draws near.

“Organising a wedding can be great fun, but also very stressful. The last thing people need is to discover they are not adequately insured when it matters most,” she said.

Britain’s willingness to splash the cash for their loved ones was noted earlier this year by PayPal, which suggested that the average UK consumer spent more than 71 pounds on their partner on Valentine’s Day.

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