Homeowners warned over Easter DIY mishaps
Homeowners have been advised to check their home insurance policy before undertaking any DIY this Easter weekend or risk ending up out of pocket in the event of a mishap. Home insurance provider Allianz Insurance predicts that this Easter the collective bill for damage caused by DIY accidents could reach as high as £25 million. In the event that they are not comprehensively ensured for such eventualities, many homeowners could find themselves heavily out of pocket as a result, according to Simon Coughlin, spokesman for the firm. He said: "Before they start, we suggest DIY enthusiasts should check to see if their insurance policy covers them for accidental damage in case the job goes horribly wrong. "The average cost of a claim for DIY related damage is £600 and our claims staff expect to be busier than usual following a Bank Holiday weekend."Allianz research also discovered that 16 per cent of people have damaged their home while attempting to make improvements.
Share this..
Related stories
J.P. Morgan Securities find £33.3 million
The UK arm of US banking giant J.P. Morgan securities has been hit with a £33.3 million after the company was found for mixed client money with company money. This is one of the basic rules of the FSA, that kind of money and company money must be kept separate at all times although it appears problems have occurred between November 2002 and July 2009. It is believed issues arose because of the...
Read MoreDoes your insurance cover you for snow related incidents?
As the UK population get to grips with the heaviest snowfall for nearly 20 years, the ABI (Association of British insurers) has stepped forward to suggest that members of the UK population check their insurance policies if they have been affected by snow. The ABI has specifically targeted travel insurance and car insurance which can in many circumstances offer significant cover for incidents relat...
Read MoreIs Britain really the worst place to live?
A report out today suggests that Britain is the worst place to live in Europe, even though the report highlighted that it also has the highest income per person in the euro zone. With an average after-tax household income of over £35,000 it is some £10,000 higher than the European average but when taking into account the cost of living and other elements, it appears that Britain is the worst pla...
Read MoreOh how the mighty RBS has fallen!
Royal Bank of Scotland is believed to be in talks with a number of parties regarding the sale of assets worth up to £3 billion. Predominately consisting of the company's Asian market exposure, Royal Bank of Scotland is in talks with HSBC and other banking institutions with a likely announcement due soon to confirm the company has shed more assets to concentrate on its UK operation. Oh how the mig...
Read MoreBoris Johnson's fantasy island airport
In a move which was probably based upon a need for change in the UK airport industry it has been reported that the Lord Mayor of London Boris Johnson is considering moving Heathrow airport to an island in the Thames. It is being suggested that a costing process will soon be under way to gauge the viability of such a project and the implications for the surrounding areas.
However, t...