The long-term cost of DIY
As more and more people in UK decide to stay put in their current homes until the market improves we are starting to see significant interest in the DIY market. However, research by Sainsbury's Home Insurance has shown up significant concerns which homeowners need to address if they are looking to go down the DIY route. It appears as though many people in the UK are carrying out DIY work in high risk areas, such as kitchens, bathrooms and gardens, and may not be covered in the event of any accidents or unforeseen circumstances.
The report suggests that in excess of 5 million people have carried out electrical work in these high-risk areas leaving themselves without any cover in the event of an accident. Insurance companies would prefer those looking to go down the DIY route to use approved and vetted tradespeople to ensure that, in the event of any accidents, they are fully covered either by their own insurance or by that of the tradesperson. While this may seem a little "over the top" it is worth remembering that potential damage to your home could be very costly to repair and if left under insured for any particular event this would need to come out of the homeowners own pocket.
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