You are here: Home - Insurance - News -

Kitchen confidential

0
Written by:
22/03/2006

Cafe culture has spread into our homes, as each household admits to spending £3,113 on their kitchen, according to research from Churchill.

As well as the everyday electrical appliances such as washing machines and microwaves, Brits are also obsessed with buying specialist accessories such as popcorn makers, hi-tech food processors and pasta makers. An average home has around £1,539 worth of electrical goods at any one time ranging from freezers and cookers to electric pepper mills and grilling machines. Furthermore, house-holders are also filling their kitchens with £486-worth of kitchen utensils including basic kitchen scissors and chopping boards as well as olive oil decanters and citrus fruit juicers for those that are more kitchen-savvy.

However, kitchen contents are susceptible to accidental damage because they are used so often. In an analysis of home claims data, Churchill Insurance found that nearly one in ten household accidents (9%) happen in the kitchen. And with an average accidental damage claim cost reaching £496, the home insurer advises householders to make sure they are covered for any kitchen mishaps.

Martin Scott, Head of Churchill Home Insurance, says: “The research shows that the kitchen is full of expensive electrical equipment and accessories so it is imperative that householders make sure they are covered against any accidental damage. Otherwise, it’s easy to see how an everyday accident could make a real dent in the household finances.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Detached homes pay more IHT

More detached property owners are potentially liable to pay inheritance tax (IHT) than five years ago with one in three...

Close