Home insurance Updated:
The August Bank Holiday is almost upon us, and that can only mean one thing – DIY! But while tackling those jobs around the home is a common pastime for a long weekend, just make sure it isn't a false economy…
Research from Halifax shows that 27% of respondents have botched a DIY job in the past, despite 72% saying they only took it on in order to save money. Many were confident that they'd be able to complete a whole range of jobs, too, with 77% of householders saying they'd be confident to tackle painting and 75% saying the same about gardening, while just under half would attempt to put up shelves and around 40% would put up wallpaper.
However, things don't always go to plan. Shelves can collapse, paint can be spilt and there can end up being more wallpaper paste on the carpet and furniture than the walls. As a result, as well as the 27% who admit botching jobs, a further 34% confess to leaving them unfinished.
Unfortunately, the expense of putting things right can often cost far more than paying someone to do the job in the first place. This means it could well prove more cost-effective to call in the experts from the start, but also highlights the need to be prepared.
Investing in suitable insurance is a must at all times, but it becomes even more important if you're tackling those DIY jobs. Could you afford to cover the cost if something went wrong? According to Halifax' claims data, the insurer recorded over 16,000 accidental damage claims last year alone – including DIY-related incidents – and paid out more than £11m for such claims. This equates to an average of almost £700 per claim – an amount you'd have to pay if you didn't have such cover.
"Most people will take on DIY jobs at some point, so it's important they make sure they are adequately prepared beforehand," said Martyn Foulds, senior claims manager at Halifax Home Insurance. "They should check they have the right tools for the job, consider taking out accidental damage cover in case things go wrong, and avoid taking on too much. It's essential to call in the qualified experts when it comes to jobs such as gas, electrics and plumbing, as homeowners can risk invalidating their home insurance policy if things go awry."
So don't let yourself be lured in by false economy! Consider calling in the experts if you're not confident in tackling the DIY jobs yourself, but if you absolutely must give it a go this weekend, make sure you've got the right insurance cover.
Compare home insurance policies using our search tool – and make sure to include accidental damage cover!
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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