Be wary of DIY disasters over Easter Bank holiday

home-improvements-diy

Over the coming Easter Bank Holiday weekend it’s estimated that a third of Brits will attempt some kind of DIY or home improvement task in their property. However home insurers are urging those with limited DIY skills to avoid undertaking jobs which require specialist skills so as to avoid causing damage and running up costly repair bills to put right their wayward DIY attempts.

According to a poll by home insurance providers, 10% of DIY jobs undertaken over the Easter Bank Holiday weekend will end in disaster, with many home owners turning to their home insurance policy to cover the cost of their mishap.

According to research undertaken by Allianz Your Cover Insurance, more and more Brits are attempting DIY tasks in the home in an attempt to save money, despite the fact that most have limited skills and knowledge to undertake home improvements. Despite this, over half of Brits describe their DIY skills as good or excellent.

If you are one of the many home owners preparing to take on a DIY improvement in your property over Easter, here is a rundown of the most common DIY disasters so you can attempt to avoid these major pitfalls.

Coming out as the most common DIY mishap is spilling paint or glue, followed by damaging walls, breaking windows or furniture and causing damage to ceilings.

Car insurance comparison site records the questionable fashion choices of British motorists

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According to a recent survey of 2,000 drivers conducted by the price comparison website, Confused.com, many Brits admit to getting behind the wheel wearing slippers and high heels, while many revealed they even drive their car in bare feet.

The car insurance price comparison website polled 2,000 drivers and found that 25% of those who took part in the research had driven in their pyjamas, while 10% took to the wheel wearing their slippers and 40% of the female drivers questioned said they’d driven their car while wearing high heels.

The group most likely to leave their slippers on while getting behind the wheel of their car were found to be men aged between 25-34 years and also female drivers aged between 18-24 years.

When it comes to driving with bare feet, 22% of the male drivers who were polled by Confused.com admitted to this questionable practice, while the number was slightly higher for women drivers with 24% revealing their habit of driving with no shoes.

Aside from footwear, other unadvisable habits of drivers picked up by the Confused.com survey included the penchant of female drivers for applying make-up while driving, 10% admitted to this, while 15% of men have shaved while behind the wheel.

When it comes to keeping focused on the road ahead, women came out on top with only 18% revealing that they regularly checked out other drivers to see if they are attractive compared to 47% of male drivers.

Insurance hike for first time speeding offenders

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Recent research has discovered that insurers are looking to clamp down on first time offenders of minor driving offences such as speeding and using a mobile phone behind the wheel by imposes an increase on insurance premiums of up to 60% in the most extreme of cases.

Historically, car insurance companies haven’t penalised drivers for first time speeding offences, however AA Insurance recently reported that all of the insurers they work in conjunction with do increase the cost of an annual premium after a driver gets the first three points on their licence as a result of a speeding offence.

The rate of the increase varies according to the age of the driver with the youngest motorists, those in their 20’s, being the worst hit with a rise in the cost of cover in the region of 22% after a first speeding fine. Drivers in their 30’s can expect an increase of 15% while motorists aged in their 40’s are likely to see an increase of 10% on the cost of their cover.

While being caught texting or talking on their mobile phone while driving is punishable with a fine and three points on your licence, the same as speeding, insurers appear to take a dimmer view of the former and impose harsher penalties with the cost of an annual insurance premium rising by as much as 60% for drivers caught using their mobile for the first time.

Car insurance tops poll of most searched keywords in January

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Car insurance came out as the most searched keyword for web enquiries during January, according to the quarterly report from research provider Greenlight.

The statics revealed that 1.9 million searches related to car insurance were made during the first four weeks of the month, down from the industry’s record breaking month of October 2011 where insurance related searches topped 2.3 million, however car insurance ranked as the most searched term with 550,000 queries.

While October 2011 saw record numbers of people searching for insurance related products and services online, the number of searches for car insurance specifically was estimated at 450,000, which is 100,000 fewer compared to the keyword search results from January 2012.

When it comes to the fiercely fought battle of the comparison websites, Money Supermarket was found to be the most visible in natural search listings with a 94% share of the voice followed by Compare the Market which was found to have a 66% share of the natural listings. Money Supermarket was also found to rank in the number one spot for 79 keyword terms. Go Compare was ranked as the most visible advertiser utilising paid for listings of search engines with a 66% share of the voice.

The results for web searches in January according to figures compiled by Greenlight, reported by the Post Online, are detailed below.

Top 10 in natural search

  • moneysupermarket.com 94%
  • comparethemarket.com 66%
  • tescobank.com 55%
  • confused.com 43%
  • elephant.co.uk 34%
  • co-operativeinsurance.co.uk 26%
  • admiral.com 24%
  • moneysavingexpert.com 22%
  • cheapcarinsurance.co.uk 22%
  • lv.com 19%

High insurance costs potentially deterring young people from taking jobs

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The high cost of insurance for young drivers is potentially putting some off taking a job, one eminent MP suggested recently. The Deputy Speaker of the House of Commons, Nigel Evans, said that many young people may face a real dilemma between whether to take up a job opportunity, or not doing so as the cost of travel to their work place would be so high.

People in rural areas are more likely to be affected as there is less access to regular public transport links, meaning that they would have to rely on their own means of transport to get back and forth from work. However with the cost of an annual car insurance premium for a new or young driver at a record high, many are left wondering whether it’s worth their while taking the job due to the huge amount they’d have to fork out to afford to cover their premiums.

Recent figures released by AA Insurance found that the cost of car insurance for young people has risen by 90% in the space of the last 2 years, pricing many people off the road. As a result of the often unaffordable cost of car insurance, research has found that 1 in 5 youngsters have considered driving without insurance, while 1 in 3 would potentially modify details on their policy in order to obtain cheaper cover.

Due to the fears MP Nigel Evans has over young peoples’ possible reluctance to take job offers due to cost and worry over how to afford travel to their new place of employment, the MP has called upon the insurance industry to become more creative in order to combat the inflated car insurance rates offered to young drivers. Ideas put forward include offering a rebate on part of the premium to a driver if after a year they’ve made no claims, or offering a premium calculated on the basis on the driver’s driving test score.

Home insurance survey shows Brits cause £700 million of damage while drunk

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A recent study by insurance provider, More Than, has found that as a nation over the course of two years, we cause £700 million of damage to our homes as a result of being drunk. A third of us have either smashed a valuable item while under the influence or started a fire or caused a flood, all because we’d had a few too many according to More Than research.

The insurance provider studied over £1.5 million claims on home insurance policies to collect the data, with stumbling around drunk and breaking an item or damaging something in the home, being the most common claim for inebriated homeowners.

Worryingly, starting fires came in as the second most common claim, often caused as a result of falling asleep, leaving burning candles unattended, or trying to cook while drunk; the advice from insurance experts is to get a takeaway to avoid setting fire to your home while trying to rustle up a post-pub snack.

Typically we’d imagine students and young people to be most likely to cause damage after a few too many beers, but surprisingly, the study found that the biggest culprits are those aged 35-54 years of age with an average house of value of £242,673.

More Than found that the average cost of a claim for a mishap in the home caused by a drunken person is £461 each time, with the total cost of claims throughout the UK over a two year period calculated at a staggering £700 million.

Exaggerated home insurance claims on the increase

home-insurance

The number of British policyholders exaggerating home insurance claims is on the rise. A recent study found that in 2011, Brits exaggerating the severity of a claim on their home insurance policy increased by 17% according to year on year figures.

It’s estimated that in 2011, in the region of 200,000 consumer added on average £607 to each claim as a result of exaggerating the extent of the problem they were claiming for on their home insurance policy. Furthermore, data from insurance provider AXA shows that they actually caught out several thousand of their customers as they attempted to make claims which extended the extent of the issue.

Research from 2010 shows that exaggerated claims on home insurance policies are having a knock on effect on the overall cost of home cover for everyone with an extra £13 being added to each and every home insurance policy as a result of claims which have been exaggerated to obtain larger payouts.

One of the principle reasons for the rise in exaggerated house insurance claims is believed to be due to the economic climate as policyholders attempt to claw back some extra money by overstating the severity of a claim on their home cover policy. Despite the recent hike in overstated claims, 45% of home insurance policy holders do believe that making an exaggerated claim is dishonest.

Insurance worry for 200k flood risk homes after 2013

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The Association of British Insurers estimates that as many as 200,000 UK homes could find themselves uninsurable after 2013 when the government agreement with insurance industry which safeguards insurance policies for high flood risk homes comes to an end.

At present, homes in flood risk areas are protected thanks to an agreement known as the Statement of Principles between the government and the insurance companies. This guarantees insurance cover for all properties regardless of whether they are at increased risk of flood damage.

The term was put in place to allow the government time to improve flood defences, however the agreement is due to come to an end on July 1st 2013, after which the insurance companies will no longer be obliged to offer policies to these types of high risk homes. At present, there are no plans to extend the current agreement.

According to the recent research conducted by the Association of British Insurers, approximately 200,000 homes are at risk of flooding with property in Boston and Skegness found to be at highest risk in Britain followed by homes in the Vale of Clwyd, Folkestone, Hyde and Windsor.

The ABI is calling for the government to intervene and take some responsibility for the funding of insurance for the high flood risk properties, while environment agencies are calling for more action to be taken to improve the flood defences, however progress on this has been slow as there’s some discussion over which departments are responsible for funding these improvements.

Worst area for uninsured drivers revealed

uninsured-car

The area of the UK where uninsured drivers are most prevalent has been revealed as West Yorkshire as 17 of the most problematic postcodes in the country for drivers with no insurance are situated in the West Midlands or West Riding region.

Out of the 17 postcodes highlighted for having a high level of uninsured drivers, 5 of the postcodes are situated in Bradford where figures show there are 7 times more illegal drivers than the national average.

It’s estimated that 4% of cars on UK roads are being driven illegally with no insurance, which works out as 1.4 million cars out of the 34 million cars on British roads. Uninsured drivers have a negative impact on honest motorists, with £30 being added to each and every car insurance policy for insured motorists because of reckless drivers who take to the roads with no cover.

From June of this year, it became illegal to own a car without either taking out an insurance policy for the vehicle, or declaring it off the road. The authorities now have the power to seize any vehicle which does not comply with the new legislation.

Due to the high concentration of uninsured drivers in the Bradford region, the authorities are having to work extra hard to clamp down on these illegal motorists. Since the legislation came into force in June, 1,110 vehicles have been seized in Bradford, which averages at 6 vehicles per day, well above the national average.

Drivers advised to provide more details to get best car insurance rate

car-insurance

Drivers are being advised to provide as many details as possible when obtaining a car insurance quote in order to receive the most accurate rate. Adding details such as marital status, occupation, and number of miles covered can help to reduce premiums for low risk drivers.

Car insurance providers are increasingly offering no claims bonus cover with a recent survey revealing that 17% of policies offer the assurance of safeguarding a driver’s no claims bonus even if they have a collision which has risen from 13% two years ago. The study was carried out by Defaqto and scrutinised some 5,000 policies in order to compile the results.

Separate research also found that the inclusion of extra personal details on an insurance policy can help lower the annual premium in some cases. Volunteering information such as where your vehicle is kept overnight, your marital status, and the area your car is most in use, can help to generate a quote which accurately reflects your driving habits and behaviour, which can lead to a reduced premium being quoted.

Car insurance experts are also urging drivers to double check their policy details before signing on the dotted line to ensure all of their needs are being met with the policy. Another key details to look for when taking out a new policy is that your vehicle is covered should you have an accident involving an uninsured vehicle.