Biba has called upon homeowners to make sure that their insurance policies cover any improvements and renovations
Biba has urged everyone to make sure that their insurance policies cover all the improvements and renovations people will be making to their homes over the coming months.
The warning comes ahead of the UK's busiest period for home improvements as recent research anticipates that £57bn will be spent on home improvements over the next six months. UK consumers are estimated to spend on average £6,400 a year on their homes.
In 2006, UK consumers were estimated to have spent an average of £1,509 a year on trades people to work on their homes, with 1.2 million homeowners spending more than £10,000.
Peter Staddon , Biba head of technical services, commented: “People should treat any improvements and renovations to their home as an investment, and should protect them as such. It is important that consumers talk to their broker to guarantee that any changes they have made are covered by their insurance cover. This is the best way to ensure they are treated fairly should anything go wrong.”
“We are urging all homeowners to ensure that their home insurance policies are fully up to date including the correct sums insured and include all the improvements they will be making over the coming months,” he added.
