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.
Get a quote for Legal and General home insurance at Moneygossip.co.uk.
Sainsburys Bank are warning cyclists that even when their bicycle is at home it is still at risk of being stolen and should be protected accordingly.
Over 1,200 bicycles are stolen every day according to Sainsburys Bank figures, showing how popular they are with thieves. It is because of the ready made market for bikes and the fact that they are often easy to take away that the theft numbers are so high, something that Sainsburys would really like to see change. Having home insurance that covers the bicycle is one thing but it is far better not to have to lose the bike and claim in the first place.
Anyone with a bicycle is advised to not the make, model and frame number of their bike and take a picture if possible. Then they should check to make sure it is included in the home insurance policy. Sainsburys Bank remind policyholders to check for any exceptions to cover, so they know if the bike must be stored in a locked garage overnight or something like that.
A fascinating fact about the music festival season is that three out of four people attending them lose possessions while there according to Zurich Insurance.
The study carried out by Zurich found that the typical value of items taken to music festivals by people is over GBP260. The most commonly taken possessions include mobile phones, cameras and MP3 players. The majority of items that go missing are simply left behind, in tents or in bags, with only 10 percent of them being stolen.
Good advice from Zurich Insurance is for festivalgoers to check with their home contents insurer that they will be covered at the festival they are attending. This way at least the financial aspect of losing personal possessions will be dealt with.
