Friday, September 16, 2011
Category:
Secured Loans
According to the Moneysupermarket.com Monitor, ‘Brits are filling their homes with valuable old, rare and unusual possessions as recession continues to bite’.
In fact, following an analysis of nearly three million home insurance quotes between June of last year and May of this year, it has been revealed that on average UK households are presently insuring the following possessions:
- In excess of £3,500 worth of gold items, which marks a 10 percent increase on the figure recorded in 2010.
- Medal and coin collections, each worth more than £4,400.
- £6,138 worth of stamp collections.
- £4,209 worth of works of art and paintings.
- Furs to the value of £2,819.
- Virtually £3,500 worth of antiques.
- £3,619 worth of ‘curios’, which are described as ‘rare and intriguing objects’.
In spring of this year, it was found that the individual items which homeowners most frequently insured included:
- Laptops at 42 percent.
- Bicycles at 22 percent.
- Jewellery at 19 percent.
Also in spring of this year, when it came to ‘specified items’ on home insurance policies, findings have revealed that their average value stood at £2,799. In comparison, this figure reportedly stood at £4,288 in the Channel Islands, £3,682 in Greater London, and £3,118 in the South East.
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Homeowners who are not satisfied with the level of security in and around their home – but cannot afford to rectify the situation – could consider taking out a secured loan to make home improvements. One of many finance options available,
homeowner loans can allow borrowers to heighten security in any number of ways. For example, weak doors or windows could be replaced and fitted with strong locks. Furthermore, burglar alarms, closed circuit television and external lighting could be installed if desired. Homeowner loans could help pave the way to that all-important peace of mind.
