DIY Damage Limitation
If you are a DIY enthusiast, who relishes in taking charge of their own home improvement initiatives, then it may be that you have acquired a considerable collection of tools and electrical items in order to help you execute your creative visions within the home. If you own an expensive drill, a snazzy tool box full of the latest gadgets, a digital spirit level, or, indeed, all of the above, your DIY equipment could tot up significant cash value, particularly if you insist on always having the top of the range tools at your fingertips.
Surprisingly, DIY equipment is often overlooked when it comes to our contents insurance and, in the face of the unfortunate events of burglary, flooding or fire. If you are anxious to make sure that your tools are covered in your insurance policy, there are a few factors you might like to consider before getting on the phone to your home insurance provider.
Whether your DIY goods are covered in your insurance may depend on whereabouts they are kept. They are most likely to be covered automatically if they are stored within the building of your house itself, in a cupboard or utility room, though if they have particularly high value this should probably be mentioned on the policy. If, however, you keep your tools in a garage or shed in the garden they may not be covered automatically unless you have a policy which includes garden cover as standard. Some insurers, such as Kwik Fit Insurance, offer a certain allowance for garden contents, but it’s worth looking at this carefully in case the value of your equipment exceeds the amount you may claim. Check the Kwik Fit Insurance website for details of what their contents insurance covers exactly in relation to the rest of their policies.
An alternative option is to insure all outdoor areas, such as the garage and the garden, separately if your existing insurance firm is not obliging about including this within your ordinary policy, though most will be open to some negotiation.
Do remember to check the wording of your policy carefully in order to check that you and your expensive items of DIY equipment are fully protected against any unexpected mishaps.
