Brits’ love of horseplay costs £325m to damage to homes

The biggest cause of damage to homes has been found to be ‘horseplay’, which results in a total bill of £325 million each year, a new report has found.

Research from Tescocompare.com has revealed that one in four accidents in the home is caused by Brits ‘messing around’.

A further £95 million pounds worth of damage is the result of people having a little too much to drink and causing an accident, the most common type being a spillage, according to the study.

More than one in three say they have damaged carpets, curtain or furniture by spilling something on them.

Commenting on the research, Paul Baxter from Tescocompare.com, said: “As the saying goes accidents do happen – and this research suggests many of us suffer financial loses on an annual basis. You can insure against accidental damage.”

In related news, the website recently revealed that 64 per cent of Brits stayed with the same home insurer last year even though 44 per cent saw a price hike.

Tags: home insurer, Lloyd's of London, Insurance, Paul Baxter, biggest cause, love

One million Brits cannot claim as they did not read the small print

Up to one million Brits have not been able to claim on a travel, home or car insurance policy in the last year because they weren’t covered, despite believing that they were shows new research.

According to findings from Tescocompare.com, neglecting to check the small print has cost UK consumers up to £736.

Of these, 82 per cent say it has altered the way they will go about dealing with this sort of purchase in the future.

Paul Baxter of Tescocompare.com, said insurance policies are complicated and “it is not surprising that so many people find themselves in a situation where they thought they were covered when in fact they weren’t”.

Meanwhile, when it comes to understanding what they are purchasing women are much more aware of what it is, claims a new study.

Further findings from Tescocompare.com shows that female consumers are much more likely to have read the description and detail of what it is they are buying, with the exception of traditional male items such as cars.

Tags: business, print, description, findings, traditional male items, Business and Economy, Paul Baxter, com