The Selective Insurance survey found that more than half of policyholders had made a big purchase or received a high-value gift this past holiday season. (Credit: Matt Benoit/Shutterstock.com) The Selective Insurance survey found that more than half of policyholders had made a big purchase or received a high-value gift this past holiday season. (Credit: Matt Benoit/Shutterstock.com)

Slightly more than 40% of U.S. home insurance policyholders failed to update their coverage after buying or receiving a value item, defined as being worth more than $1,000, this past holiday season, according to Selective Insurance Group, Inc.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]