11 May 2018 M&S Bank research reveals that a third of people with a garden shed admit to leaving it unlocked, with nearly one in five (17 per cent) saying they never secure it, despite the contents of a typical shed being valued at £550 on average. More than 15 per cent of respondents revealed that their shed contained more than £1,000 worth of items such as gardening goods and equipment.
Nearly a third say either they or someone they know has fallen victim to theft or damage to items stored in their shed; rising to 40 per cent for those in the North. Half of shed owners with home insurance said items stored in their shed either weren’t covered by their home insurance, or they didn’t know if they were covered.
It isn’t just sheds that are targeted by thieves or vandals; more than one in ten UK adults (14 per cent) say either they and/or someone they know, has had their garden greenery damaged or stolen.
Despite the average garden containing £369 worth of plants, bushes, trees and shrubs, it’s perhaps surprising that many garden owners didn’t know whether their garden is insured. Only ten per cent were confident that their plants, bushes, shrubs and trees were covered under their home insurance.
Paul Stokes, from M&S Bank, said: “People often invest significant time and money into their garden, and the value of items, whether in the shed or in the garden itself, can quickly mount up.
“That’s why it’s surprising that a significant proportion of homeowners still don’t know whether they have adequate cover for theft or damage to both the shed and garden, should the worst happen. As we head into spring, we would urge households to review what measures they may need to secure their garden, as well as what is included within their policy, to ensure they are covered.”
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