Home Owner Insurance – Why You Need It and Don't Want to Buy a Home Without It!

Author: Rochelle Martinezbr
Source: articlesbase.combr
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If you are thinking of updating your home it is recommended that you invest in affordable home insurance to protect premises from future damage.Figures from the Halifax reveal that increasing numbers of householders currently prefer to remain in their present homes rather than sell up. The recession has been highlighted as the main reason why homeowners are staying put and instead of moving they are more inclined to refurbish rooms.In order to reap the benefits of the increased value following your efforts to improve your home, you are advised to take out home insurance policies, so if you are a victim of fire or flood for example, funds will be supplied to pay for the damage.Also, if you are planning on carrying out some Do It Yourself work, it may be a good idea to invest in Accidental Damage cover, which can help replace some items that may be broken in the home such as mirrors and ceramic hobs.The banks study revealed that over half of property owners picked up their tools in order to improve their homes, with the average spend to alter premises coming in at £5,300. The majority of homeowners were inspired to revamp their homes to add value and the most popular activity to do this was simple wallpapering, which 64 per cent of householders attempted.A further 33 per cent of property owners completed more extensive work by adding extra rooms such as conservatories, while 38 per cent converted their loft into living quarters. The most expensive home improvements tended to be bathrooms, with residents spending approximately £3,000 on fixtures and fittings. General furnishings were the second most expensive spend, coming in at £1,600. Gardens have also been targeted as areas of improvement with an average outlay of £860.With the extra funds homeowners are pouring into their houses, experts have reminded property owners to protect their premises from damage.Stephen Noakes, commercial director at Lloyds Banking Group said: In the current housing market, many people have decided to stay put rather than move. Therefore it is no surprise that weve seen an increase in people adding space to their property to make it more suitable for their current lifestyle.In addition to optional Accidental Damage cover for contents, residents should search for policies that provide funds should unforeseen events occur including cover for storms, fires, theft, oil leaks and lightning damage.br
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pRochelle Martinez, Freelance Web Content Article Writer for three years. Some of her articles are about a rel=nofollow,nofollow href=http://www.quinn-direct.coma rel=nofollow,nofollow target=_blank href=http://www.quinn-direct.comhttp://www.quinn-direct.com/a/a.
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