It has been found that on average, homeowners are leaving over £1,200 of uninsured goods lying around in their gardens and sheds
Research, conducted by MoneySuperMarket, found that while the standard buildings and contents insurance policies will cover certain items that stay in the garden or shed, over two-thirds of Brits fail to list a key 'outside' item of value. As a result, they are excluded from what could become a potentially costly bill if the worst case scenario occurred and thieves took the goods.
In fact, with the average value standing at £1,270, it works out as a potential £24 billion that gets left uninsured across the country.
It was also revealed that the most common items to be stolen from our gardens and sheds are DIY tools, bicycles and garden tools.
To help Brits avoid this, MoneySuperMarket has advised people to fit locks to garden gates and add lighting to ward off any potential thieves.
Commenting on the study, Helen Chambers, head of home insurance at MoneySuperMarket, said: "Particularly in the summer months, there’s the temptation to leave items of value outside overnight or keep your shed unlocked, but that could leave you open to a risk of burglary and in turn, possibly void your home cover if you need to make a claim."
"Most standard contents insurance policies include a small amount of cover for garden items, but specifics can vary wildly – so it’s worth checking to ensure that your valuable items are fully covered."
"The home insurance market is very competitive, so it’s also worth checking if you could get a cheaper premium elsewhere."
"If you haven’t switched for a while, that’s probably going to be the case."
"It takes minutes to switch to a competitive policy and you could save up to 43 per cent on your bills."
To give you a helping hand to make sure your items stay secure, MoneySuperMarket is recommending:
- Lock any valuables away
- Make sure you look after your property with locks
- Make sure you have secured your bike
- Be aware of your insurance policy