Ways to Avoid Shopping ‘Til You Drop This Holiday Season

Is shopping on Black Friday your holiday tradition? If so, perhaps you noticed the throng of fellow shoppers was smaller this year. That’s because Thanksgiving Thursday did a turkey trot one day ahead to nibble away at Black Friday sales.

What has traditionally been the biggest shopping day of the year is getting less busy, as many retailers opened Thanksgiving Day and as shoppers who disdain crowds did their buying online. Whatever your shopping preferences, if you haven’t started, it’s time to rev up. And, we’ve got some gift-giving (and gift-getting) suggestions to help!

For young children on your list, check out the “Hot Toys” list developed by Daily Finance. They looked at the top toys lists developed by three major retailers and did a compilation of the most-wanted to save busy parents some time. A great tip for those with curious kids: Using layaway plans doubles as a hideaway plan that keeps toys under wraps until Santa comes. So, Big Hugs Elmo can remain undetected until the big reveal.

Better Homes & Gardens came up with the Best Gifts for Teens and Tweens. There’s a throwback to the ‘80s at the top of the list with a Rubik’s Cube Clock that maybe mom and dad might like to have for themselves.

Struggling with what to get your significant other? Thanks to Esquire magazine, there’s a Gift Guide to Get Your Wife What She Wants. (When in doubt, jewelry always works!) Uncommon Goods, an online retailer, suggest Gifts for Husbands – with everything from unique neckties to electronic gadgetry.

For those with aging parents, there’s Santa’s 10 Best Gift Ideas for Elderly Parents. A medical emergency alert system is one idea, and an equally practical gift is a cell phone with extra-large buttons.

According to a research group survey, holiday shoppers spent an average of $801 on gifts last season. That’s a slight decline from the year before. No matter what you plan to spend, if any of the new items coming into your home are stolen or damaged, you’ll want the peace of mind that comes with knowing you are properly insured.

Replacing all those gifts is possible under the Contents portion of your homeowners insurance policy, particularly when you’ve chosen Replacement Cost coverage.

There are two ways to buy coverage for your personal possessions: Replacement Cost Coverage or Actual Cash Value (ACV). The latter costs less, but you get less in the event of a loss because it takes into account the depreciated value of an item.
For example, the new gaming device purchased as a Christmas gift this year will be worth a lot less next year because such items depreciate quickly and are made nearly obsolete with each technological update. If your home’s contents were damaged by an event covered under a homeowners or renters insurance policy, and you had only ACV coverage, you would receive an insurance payment that reflects the depreciated amount. That’s far less than what it would cost you to replace it. With full replacement cost coverage, you can buy a new game system and replace other damaged property without any out-of-pocket costs (other than the deductible amount).

Make sure you know what type of coverage you have for the contents you currently own and whatever is on your holiday wish list. Call a Frontline Insurance Agent for a policy review. And, if you have only Actual Cash Value coverage, ask for a quote on Replacement Cost Coverage. You’ll discover that paying a little more to upgrade to full replacement cost gets you a lot more – and that’s a great gift to give yourself.

Please remember that the comments contained in this blog are general in nature and that coverage under any specific policy of insurance will depend upon the terms and conditions of such policy.