Home insurance Updated:
There's something about spring that gets everyone in the mood for a spot of DIY. Homeware stores are full of people searching for materials and online tutorials see a spike in hits, but unfortunately, there's also a rise in the number of DIY jobs that go wrong…
According to research from Towergate Insurance, a growing number of people are heading online for DIY inspiration, with 28% of those surveyed heading to YouTube for help. In fact, people are more likely to consult a YouTube video than a qualified family member (25%), and seeking help from a DIY store or TV show appears well down the list, with only 12% of respondents using these methods.
Unfortunately, failing to seek expert help can be a risky – and expensive – business, with the average person spending £2,500 fixing DIY disasters when things go wrong. Men are more likely than women to call in the experts to fix things (17% compared with 11%), and it costs more for them to put things right, too, with men spending £3,000 compared with the £1,700 spent by women.
The younger generation is even more likely to need expert intervention, with 22% of those aged 18-24 needing to call in the professionals at a typical price tag of £5,000 – twice the national average. Arguably, this could be because this age group is more ambitious when it comes to DIY, as despite four in five having no formal training in home renovation, many attempt large-scale projects, such as flooring (31%), electrical or plumbing work (9%), roofing (10%) and even house extensions (11%).
Are you planning to embark on a spot of DIY in the foreseeable future? Chances are, you're thinking about a project or two – the survey found that nearly 63% plan to carry out DIY projects over the next three months – but don't rush into things too quickly. Will your home insurance cover you if things go wrong? It's important to check, because if not, you could end up with an expensive bill.
"With the emergence of YouTube as a key educational resource, it's understandable that people are naturally turning to video tutorials for guidance on DIY work," said Drew Wotherspoon of Towergate Insurance. "However, as our research shows, undertaking ambitious projects with little to no formal training can have serious repercussions financially.
"As well as coming with a hefty price tag to put right, accidents and mistakes often aren't covered by standard home insurance policies. It's crucial that when the DIY bug bites, homeowners take a good look at their policy exclusions and contact their insurer before they pick up tools and get to work."
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