Lloyds TSB Insurance: UK gardens are a "goldmine"
www.moneynews.co.uk > Insurance > Lloyds TSB Insurance: UK gardens are a "goldmine"
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Lloyds TSB Insurance: UK gardens are a "goldmine"
Mon 14th Apr 2008
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It found that one in ten gardens are filled with items worth over £3,000, while the most expensive item in a typical garden is worth £426.
Exotic plants, hi-tech tools and luxury furniture are all becoming commonplace in the UK's gardens, with a quarter of Brits spending more than six hours a week in their outside space during the spring and summer months.
Despite many gardens being worth so much, half of those surveyed by the insurer had never checked to see if their garden contents were included in their home insurance.
Phil Loney, managing director of Lloyds TSB Insurance, said: "With all the gadgets and goodies that are available, they can quickly add up and gardeners run the risk of being under-insured."
Legal & General recently urged customers to review home security and safety systems this spring, to ensure they meet the requirements of the relevant home insurance policies.
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