Wednesday, May 23, 2007
Category:
Home Improvements
In preparation of thousands of Brits dedicating another Bank Holiday Monday to DIY, Lloyds TSB Insurance predicted a 60% surge in calls as a result of not taking care with saws and step ladders.
Records from Lloyds TSB Insurance show that year after year, Bank Holidays a see a rise in the number of reports of accidental damage. Figures for 2006 show that the number of calls shot up by 56 per cent following the May Bank Holiday - and this year the number could rise by almost two thirds (60 per cent).
With an increased number of calls, there was a noticeable rise in the number of claims. Following the Bank Holiday weekend, accidental damage claims for May 2006 showed a 20 per cent increase on the previous month.
Examples of DIY disaster claims from haphazard home improvers on recent Bank Holidays have included: a toddler who decided to roll paint onto the newly laid living room carpet, and a man who fell through his ceiling while trying to repair floorboards.
Phil Loney, managing director, Lloyds TSB Insurance, said: "May Day Bank Holiday can spell disaster for DIYers. We're urging anyone who's getting out a paintbrush, drill or stepladder to be extremely careful. Unfortunately, sometimes accidents do happen and it's then that having the right insurance cover can prove invaluable."
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For those essential DIY jobs over the Bank Holiday weekend, many homeowners could benefit from taking out a
home improvement loan, one of the many options available to fund DIY projects. A personal loan could help pay for professionals to come and carry out a number of home improvements ranging from a new kitchen to re-tiling a bathroom, without the worry of dangerous DIY mishaps. Even hiring a painter to touch up walls around the house could be funded with a secured loan, reducing the possibility of any accidents occurring to homeowners themselves. Bigger projects that can be paid for with a home improvement loan are extensions, adding conservatories and loft conversions. A home improvement can be made payable over a term to suit you from 5 to 25 years.
