Friday, August 24, 2012

Home insurance for bank holiday DIY botch - Think Money

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By Lucy Bower

23 August2012

With the promise of a rainy bank holiday just around the corner, many DIY enthusiasts will be dusting off their brushes. If you are, be warned! DIYers can end up paying through the nose for their frugality if they're not covered for accidental damage.

Research from Halifax Home Insurance suggests that 63% of people DIY to save money - but it could be a false economy if they don't have the right insurance to correct mistakes. A quarter of home owners aren't really sure if they're covered for accidental damage or not, and one in ten don't even have home insurance.

The potential for a 'botched job' really depends on what you're attempting. Most people would be confident enough painting their own home (77%) and around half reckon they could put up a shelf. Only 11% would attempt fitting a kitchen and only 5% would fit a gas fire - which could be dangerous without the right knowledge and experience, and expensive to put right.

DIY is a great way to save money and a good pastime to while away a rainy afternoon, but it might be worth checking your home insurance policy - just to be on the safe side.

Tags: insurance, bank holiday, DIY, Home Insurance

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