DIY disasters could cost you dearly this bank holiday

27 Apr, 2016

Ahead of the upcoming bank holiday weekend, please see below comment and stats from home insurer Policy Expert around the amount of DIY Brits will be attempting.

· 67% of Brits will be doing DIY this bank holiday

· 57% are confident in their abilities, but 20% have had a costly disaster in the past

· Over half of those surveyed (51%) think men are better than women at DIY

· 40% don’t or aren’t sure if they have accidental damage included in their home insurance policy

· Gardening is the most popular task, with painting & decorating following closely second

Policy Expert customer survey carried out in March 2016, with a sample size of 2936 adults.

Adam Powell, Head of Operations at Policy Expert commented:
“DIY can be rewarding and a great money-saver, but it can also end up costing you dearly if you’re too ambitious or have an accident. Simple DIY projects, such as painting or putting up shelves won’t affect your home insurance, but for much larger projects – i.e. ones that require a considerable amount of knowledge and skill, such as re-wiring a house, or even building an extension – it’s important to tell your insurer before you begin. If something goes wrong you may be exempt from making a claim as the original terms of the policy may no longer apply.

“The chances are any damage your insurer considers to be caused by your own actions won’t be covered under a standard policy – fire damage caused by electrical DIY projects for example, or flooding/water damage caused by plumbing could all leave you out of pocket.

“If you’re not confident with your toolbox but want to have a go yourself, it’s a good idea to check with your insurance provider first. Ensuring you have accidental damage included in your policy is a cost effective and straightforward way of making sure you’re not in for an expensive surprise this bank holiday.”