DIY DISASTERS COST THE AVERAGE BRIT GBP 66958, SAYS CONFUSEDCOM
Released on: July 31, 2008, 7:12 am
Press Release Author: Confused.com
Industry: Financial
Press Release Summary: - Nearly six million people in the UK have had self-inflicted DIY disasters -
- More than half a million people have had to claim on their home insurance as a result -
Press Release Body: Nearly six million (5,904,000) UK adults have had self-inflicted DIY disasters, according to Confused.com - the UK\'s leading insurance price comparison site.
Research from Confused.com found that some botched home improvement jobs were so serious that 1 in 10 respondents had to claim on their home insurance as a result.
Men are the most accident-prone, with 1 in 5 admitting to self-inflicted DIY mishaps, compared with a mere 8% of women. However, women\'s DIY disasters are infinitely more catastrophic than those of their male counterparts; the average resulting home insurance claim for women is a whopping £758.58, compared with £556.36 for men.
Edinburgh is the least DIY savvy city in the UK, with 1 in 4 respondents having had to claim on their home insurance as a result of a botched home improvement attempt.
Simon Lamble, product director at Confused.com says: \"The summer often brings out the DIY enthusiast in all of us, but it is important to remember to take safety precautions when undertaking home improvement jobs, however small they may seem. With a whopping six million people having confessed to DIY disasters and more than half a million having to claim on their home insurance as a result, it is important to remain savvy at all times. A simple drilling job could turn into an extremely expensive claim if electrical wiring, for example, is not taken into account.
\"Confused.com aims to help consumers find the most comprehensive and best-tailored home insurance policy on the market - a real must during the summer months, when DIY becomes one of the nation\'s favoured pastimes.\"
-ENDS-
*Statistics taken from independent research of 2000 people, by Tickbox
Confused.com is one of the UK\'s biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market and generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com has 66 motor insurance partners, and customers can save up to on average £208. It also has a panel of 45 for home insurance, and customers who use Confused.com for home insurance can expect to save up to £193.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com\'s service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
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