Search:

Home Improvers Risk Hefty Repair Costs

While the temptation is likely to be growing for many budding DIY enthusiasts to take on a project over the weekend, one insurance company is warning them against biting off more than they can chew.

According to Saga, one in 20 people in the UK have at some point been forced to call out a professional to rectify work that they have carried out on their home themselves. While one personal loan may be useful in covering the cost of tools and equipment when planning to tackle a staircase or to repaint the exterior, there is a risk for the inexperienced that another loan might be called for to fund corrective work afterwards.

However, the effect on the avid DIYer's bank balance is not the only risk associated with taking on complex jobs such as rewiring or plumbing without proper training. According to Saga's research, one in four people are injured while carrying out home repairs or improvements. It also suggests that men might be more foolhardy than their female counterparts given that males are more likely to do themselves an injury. "Saga Home Insurance advises DIY enthusiasts to make sure they do not try any jobs unless they feel they can do them and to always take their time wearing suitable clothing and footwear," the firm states.

Those concerned that they might not have the appropriate equipment and looking to improvise instead, or who are tempted to scrimp on costs to get the job done more cheaply, might be better advised to consider a personal loan. By purchasing the best equipment they can afford it is possible that consumers could be better pleased with the final result. Alternatively, for those uncertain about their ability to carry out such tasks themselves, a cheap loan can be an effective way of spreading the costs involved in hiring a trusted professional.

Meanwhile, Allianz Insurance has released its own research suggesting the true cost of bodging a DIY job. The company estimates that as much as 25 million pounds worth of damage could result from the coming bank holiday weekend's undertakings. Simon Coughlin, spokesman for the financial services provider, said: "Before they start, we suggest DIY enthusiasts should check to see if their insurance policy covers them for accidental damage in case the job goes horribly wrong. The average cost of a claim for DIY related damage is 600 pounds and our claims staff expect to be busier than usual following a bank holiday weekend."

Those who discover that their policies do not cover any damage resulting from their DIY activities could benefit from the financial assistance of a personal loan. Meanwhile, news earlier this year from moneyfacts emphasised the growing attractiveness of cheap loans in the current financial climate, given that such borrowing is subject to lower levels of interest than in previous months. The likes of Alliance & Leicester's and Barclays' personal loans were both said to have seen reduced interest rates in a bid to attract higher numbers of borrowers.

Article Source: http://www.newagelivingarticles.com

Abbi Rouse writes for All About Loans where visitors can apply online for cheap UK loans. We also specialise in poor credit loans, and cheap consolidation loans. Visit today www.allaboutloans.co.uk/

Please Rate this Article

Not yet Rated

Click the XML Icon Above to Receive Finances Articles Via RSS!

Additional Articles From - Home | Finances

How long will negative information stay on my credit report? - By : John Rasor
When you go for a creditcard you have to acknowledge what a creditcard genuinely is.-00-802 - By : Godfrey Philander
Hope for Homeowners Program -- Do you qualify - By : Gen Wright
New business, new credit card - By : Hannah Callen
The Secure Way to Make International Payments - By : Tomer Bar Zeev
Are You Guilty of Credit Card Abuse? - By : Sean Masterson
How to Buy Foreclosure Homes - By : Lillian Wills
Retirement Tips for Saving Money at an Older Age - By : Donny Gamble
The Benefits of Debt Settlement - By : Gen Wright
Your Credit Score Affects Your Reputation - By : John Rasor

Article Directory Software
Click here to download the exact software that powers this directory for FREE. Start your own article directory today!

	Print This Article
	Post Comment
	Add To Favorites
	Email to Friends
	Ezine Ready

Top Authors
Submit Articles
Member Login
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds

Little Book Of Becoming
Masters of the Secret
The Singularity Is Near
Distribute Your Articles to 1000's!
Wildwind Enterprises
Bookstore
About Us
Link to Us
Contact Us
Privacy Policy
Terms of Service

LINKS

All Links DirectoryAll Links Directory is 100% SEO friendly Directory and Human Edited.

Dominate The Search Engines with this software

Make Money Being an Affiliate with this software it's easy!

Learn How to Make Daily Profits Online starting Right Now!

Idiot Proof Clickbank Trick Makes $6,513 In 24 Hours

Submit Your Articles Quick and Easy with this software!

Get Keyword Elite and never hunt for keywords again!

NewAgeLivingArticles.com » Copyright © 2007 WildWind Enterprises
Terms of Service | Submission Guidelines | Contact Us | Link to Us| Privacy Policy | About Us | Article Submissions With A Click 100's of Sites!