Home insurance might not cover brits’ expensive gardens
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The UK’s gardens are packed with exotic plants, hi-tech tools and luxury furniture worth as much as £18.6 1000000, new research from Lloyds TSB Insurance has revealed.
The study into the contents of UK gardens found that the norm British family had £1,237 worth of goods in their garden, while as many as one in ten gardens is filled with more than £3,000 worth of luxury items.
On norm, the most expensive item in a UK garden costs £426, but one in 20 gardens contained a single item worth more than £1,000. With expensive items left exposed in the out-of-doors it is important they are insured person correctly.
According to Lloyds TSB Insurance, despite spatter out on expensive garden items, most Brits do not know whether these items are insured person properly. The study found that more than half of Brits have never checked that their garden contents are included on their .
A further 87 per cent of garden owners fail to reappraisal their policy each year, significance they do not update the value of their garden goods and hence risk being under insured person. According to Lloyds TSB, Insurance, it processed 5,244 garden claims last year, with an norm value of £726, way below the norm value of garden goods.
Managing director at Lloyds TSB Insurance, Phil Loney, said: "Everyone knows that we Brits are a state of green-fingered garden lovers who like nil better than disbursement time in the great out-of-doors. It’s hard to put a price on the pleasance of a barbecue on a summertime’s eve but gardeners should stop to think precisely how much their backyards are worth.
"With all the appliance and dainty that are available, they can rapidly add up and gardeners run the risk of being under insured person. Home insurance policies vary greatly and often have bounds on how much they cover outside. Take time to calculate the value of everything outdoors and choose a policy to suit your gardening needs." Mr. Loney advised.
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