Stock held for sale in a gift shop, such as candles, ceramics, glassware, cards and giftware, can be included under the property damage section where that section is shown as selected in your Policy Schedule. It responds to damage following an insured peril, up to the sum insured you set. Cover is subject to the terms, conditions, exclusions, limits and excesses of the policy, so the sum insured should reflect the stock you actually hold.

Gift shops often hold several times their usual stock in the weeks before Christmas, and a sum insured set from a quiet month can leave a shortfall at the busiest point of the year. The Lukango wording includes a seasonal increase extension, but only within the limits stated in the policy. The percentage and the dates it applies over are set out in the wording and the Policy Schedule, which are worth reading before the busiest trading weeks.

Fixed glass and signage can be included as a property extension under the Lukango wording, along with replacement locks, where the property damage section is shown as selected. For a gift shop with a large display window onto the street, this is worth checking before you buy. Extensions apply only within the limits stated in the policy, so the wording sets out what would actually be paid.

Seasonal gift shops in tourist areas sometimes close for months at a time. If the premises are left unoccupied for more than 30 consecutive days, cover is restricted and only limited cover applies, as set out in the policy wording. Where a gift shop trades seasonally rather than year round, this is one of the first parts of the policy to check, alongside the conditions that apply to the premises.