Halifax insurance calls for preventative measures

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Halifax insurance calls for preventative measures

The advent of British Summer Time (BST) has compelled insurance companies to advise homeowners to ensure their outbuildings contents cover is adequate and to take appropriate measures to prevent garden thefts.

It is generally believed by insurance firms that increased daylight hours will encourage opportunistic thieves to steal from under-protected houses.

Senior claims manager for the bank Martyn Foulds warned: "With many people now realising how much value they can add to their property by improving their gardens, there are now rich pickings for thieves."

According to Halifax research, the numbers of reported garden thefts increased by 58 per cent in the summer of last year, while the average cost of a stolen household item was £429.

The bank offers up to £500 for plants and shrubs, a further £500 to cover furniture and barbecues and contents insurance for outbuildings, sheds and garages.

Yet some companies claim that many properties are underinsured from the outset.

Aviva has found that although houses may have been professionally assessed there is a chance they could be underinsured, while consumer website Confused.com has found that contents have doubled in value over 15 years.

Darren Black, head of home insurance at the website, said: "Our research has found that the typical net worth of contents in a home is around £50,000 - which means homeowners in the UK are underinsured by almost 80 per cent."

Research found the reason items had increased in net worth was because technology had improved and had become a household necessity in the last few years with the rise of individual laptops, mobile phones and computers.
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