A study by Zurich Insurance has revealed that over 15 percent of property owners have had to get proper tradesmen in after struggling to do it themselves.
The biggest reason these people had for going down the DIY route was saving money, with a third of people citing this reason. However Zurich Insurance found that they typical cost of making right the damage caused came to GBP280. Home insurance knowledge was a little shaky on the subject too, with almost 75 percent of people not knowing if DIY disasters would be covered.
Also regarding home insurance the Zurich Insurance survey found that nearly half the respondents would not think to inform their insurer if major improvements to the property were to be made.
Get a great quote on Zurich Home Insurance today.
Liverpool Victoria has just announced a removal of what are considered unfair admin charges for all its LV= insurance customers.
Moving forwards Liverpool Victoria insurance policyholders will not face charges for cover level amendments, address changes or cancellations that have been out of the policyholders control. The MD of LV= insurance supported the move, saying that customers sometimes have to make small changes and it is unfair to charge them to do this.
He went on to say that providing good quality insurance at a competitive price is what Liverpool Victoria is about. LV= do not want to hit customers with hidden costs, instead wanting to treat their customers fairly.
Learn more about Liverpool Victoria home insurance through Moneygossip.co.uk.
A recent study by Tesco Finance has looked at the damage we do in our own homes and found some startling results.
Children are one of the major culprits when it comes to damage around the home, racking up over GBP136 million worth of home insurance damage claims per year. Following on in value is the effects of alcohol, costing around GBP95 million in broken items and stains caused by spills. Following on from these is the damage caused by family pets, with a total of GBP87 million worth of damage every year from our faithful friends.
The biggest source of claims, for Tesco home insurance at least, is what they are calling horse play. Just messing around leads to a massive GBP325 million worth of damage and accounts for 25 percent of all contents insurance claims.
