Having taken a look at the attitudes of their home insurance customers Legal and General found that many prefer to throw broken items away rather than repair them.
Asked about electrical items like MP3 players and DVDs, 46 percent of those surveyed said they would throw it away if it stopped working. Slightly more worrying was the fact that 12 percent of people in the Legal and General study said they would throw an electrical item away if the fuse had blown.
On the one hand these results suggest we are throwing away perfectly serviceable items, though many small electrical items are very difficult to repair now, with manufacturers themselves recommending replacement rather than repair. Legal and General will usually replace electrical items that are claimed for on a home insurance policy since they follow the manufacturers guidelines.
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Tesco Finance have introduced the well known Finest branding to their home insurance, with this top of the line cover introducing a concierge service and even higher values of protection.
The cover offered for buildings is now unlimited, and the protection for contents while the house is empty, for example at Christmas, has doubled from GBP5,000 to GBP10,000. As a special offer Tesco Finance are also giving customers an extra 20 percent on the amount of protection offered free of charge.
Tesco are also including an initial appetizer that will be well received by new customers, namely a GBP60 shopping voucher, which can also be redeemed at the petrol station if required.
AA Insurance are asking all owners of holiday homes to make sure their insurance polices cover items that are left there while the property is empty.
The summer months see many people heading off to their second homes, taking a break from the daily grind. However AA Insurance want them to just think about what they may be leaving at the property and to ensure they have adequate home insurance cover in place. Their data suggests more than 10 percent of people do not know if it is adequate or not.
A spokesman from AA Insurance also wanted to remind people to take basic security precautions during the warmer weather. These include closing and locking windows when the property is empty, locking front doors if people are in the back garden and so on.
