Santander insurance survey reveals extent of rogue traders' damage

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Santander insurance survey reveals extent of rogue traders' damage

Miguel Sard, chief executive for the branch, said the results were "staggering" and insisted that anyone who requires building work to their home should first make sure the tradesman had a reputable background.

He said: "Using workmen who offer 'mate rates' may look like a cheaper option, but if the job goes wrong it could end up costing a lot more in the long run."

The insurance company found that nearly one in five householders have fallen victim to rogue traders, which have built-up a total cost of £6.8 billion and an estimated £1,592 per unfulfilled contract.

Santander offers a five-star rated unlimited cover for buildings and contents insurance in a house with up to five bedrooms and supplementary costs for temporary accommodation.

Yorkshire Building Society recently launched a flexible insurance deal, which allows customers to choose the type of cover that will suit their requirements.

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