As Do It Yourself activities increase, home insurance cover should be an increasingly important purchase for many home owners.
Botched DIY jobs can leave homeowners making a costly home insurance cover claim.
According to some home insurance providers, people should call in the professionals if they want to protect their home insurance premiums.
Despite the time DIY takes, 75 per cent of people prefer to do jobs themselves rather than seek professional help. A recent Cornhill Direct survey showed that ten per cent of UK homeowners start electrical and plumbing jobs without knowing what they are doing and 66 per cent start jobs without having the right tools.
According to Propertyfinder.com, women seem to be the new generation of DIY fans, a quarter of them rating DIY as their top hobby. Female DIY enthusiasts need to consider home contents insurance for women.
Also, Insurer Cornhill Direct research found that people may spend up to £90,000 on DIY during their lifetime. On average, families spend £634 each year on DIY materials and an additional £812 on fittings and furnishings, with an annual bill of more than £1,400.
17 per cent of Brits have DIY disasters, 4 per cent of them resulting in an insurance claim.
DIY mishaps can cost significant sums of money if homeowners do not have adequate home insurance cover.
Simon Coughlin, spokesman for Cornhill Direct said: “We have seen our fair share of DIY related claims over the years so people should make sure they know what they’re doing and use the right tools for the job.”
“DIY enthusiasts should definitely check to see if their home insurance cover insures them for the cost of accidental damage just in case a DIY job goes horribly wrong,” he added.
It is also very important to update your home insurance cover after a successful DIY project has been completed.
Alison White
http://www.articlesbase.com/business-articles/diy-fans-need-a-home-insurance-cover-136468.html
Home inspection and home insurance?
I am thinking about switching to another home insurance company. This company not only charges the annual fee, but every time we ask for a technician, we have to pay $45. This insurance was left from the previous owner. Being a first time buyer, we didn’t know better so we just took whatever the previous owner had already setup. I was looking at the things that it covers and found that some of the things we don’t even have. Like the ceiling fans. We don’t have ceiling fans. How do I find good home insurance? Also, I wanted to have a home inspector to come inspect the house even though we already lived in it for a few years. I want to know what’s needs to be fixed and if there are new problems. Is it dumb to do that? Does anyone know an honest inpsector or contractor in LA? I have had so many bad experience and needs some good referrals. thanks
With the insurance the best thing to do is get a list of possible companies by asking friends and family who they use. Search the web for info about them then get a list of coverages and costs tell them you want the detailed version. Go with the most reliable and flexible one.
As for the inspection, you should have it done ASAP. It’s not dumb at all. A slight sag in the floor now can be repaired easily but wait 5 years and you could have to replace several joists at a much higher cost. A home inspection will also give you peace of mind. No more imagining your house is going to fall down around you. As for who to use call your local Realtors to see who they use.
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Having owned several pieces of property I would advise you to go to an insurance broker that works with several different insurance companies. Tell him the coverage that you want and ask for quotes. Be careful, you want a policy with replacement value coverage, not market value. If someone were to take your 5 year old television, with replacement value you’d get a new TV, with market value you’re at the insurance company’s mercy.
Try to find a broker that works for you not the insurance company.
If you are not a handyman, owning a house can get very expensive. A home inspection can cost you up to 500 or more.
But if you don’t think you can readily identify problem areas of your home, I’d advise you to get an inspection. It’s never dumb to seek a second opinion, only a fool does not listen to someone’s coments and advise. Wether you use that advise is up to you, but always listen. I do
Good luck
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I’m confused by your question. Home insurance is not for the purpose you think it is. If you need ceiling fans go out and buy them yourself at any hardware store. Calling the insurance company will only increase your annual rates. Insurance is to be used when there is some sort of disaster. For example, your basement floods or there was a fire. Maybe a wind storm destroyed some of the exterior and some other property on the premises. Why do you want a home inspector? Again, they are primarily used to help you when buying a house. Most of them know a little about everything and a lot about nothing. If you are interested in doing some remodeling or upgrading call a contractor. Ask for a state license. DON’T hire any without one. Make sure they are insured. DO NOT pay everything up front. Get everything in writing BEFORE you hand them any money.
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Your home insurance does not cover fans going bad. That is a home service warranty policy which is available through several companies. The one I am familiar with is the American Home Shield.
As far a an inspection of your home, that should have been done prior to u buying it. It is a good gauge of the age versus the performance of the products used. Most states require that the home inspector be licensed within your state. U may also get ahold of a restoration company to come out to look at your home. Ask for references prior to signing contracts and check with your local BBB.
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Contact the company and update what appliances you have. The $45.00 co pay is to keep nusance calls down. Such as, a washer that makes a funny noise once a month. The problem has to be bad enough for you to shell out $45.00. The time for a home inspection was before you buy not after. I think it’s a waste of time now. If it lets you sleep better, than go ahead and spend the 5 to 700.00 and have it done.
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Do you have more infos on this subject? I have been digging for this for quite some time. ——— You might think I’m nuts but I’m crazy over kids ceiling fans.