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Kids Cost £229m in Home Damages

Posted in Money & Debt News by OneAdvice on the July 23rd, 2008

Worried that your children are getting you into debt, whether it be kicking a ball through your window or drawing on your freshly decorates walls? You are not alone, as £229 million worth of damage to UK homes is caused by children each year!

TescoCompare.com have revealed that 41% of homeowners have not taken out insurance to cover this type of accident, meaning that they could find themselves in debt when it comes to making expensive home repairs.

Paul Baxter, from the site, warned about the risks of not having your home properly insured and said: “With children at home during the holidays the likelihood for accidents to happen increases – and if you aren’t covered for accidental damage to your possessions it isn’t too late to add this cover to your policy.”

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