LloydsTSB insurance warns of summer holiday catastrophe

19 August 2005
Aside from the cost of keeping kids entertained over the school break parents now have something new to worry about – damage!

According to LloydsTSB claims for accidental damage to homes soar by 25 per cent over the summer holidays.

Almost a third of parents report holiday accidents including broken windows, smashed ornaments and damaged carpets.

The insurer puts the total cost at £3 billion although the cost to parents ranges from a few pounds to over £1,000 for an unfortunate seven per cent of parents.

Phil Loney, managing director LloydsTSB insurance, said good insurance was important.

Noting that a significant number of the incidents occurred when children were home alone or playing with something inappropriate he said: "The real lesson here is not to leave children unsupervised for a long time, and to keep dangerous items out of reach. However, it is also important to get insured.

"Home insurance might not be a legal requirement but it really can come to the rescue where children cause havoc in the home. While it might not prevent a broken window or a soiled carpet, it can easily save pounds in the pocket."

To read more about looking after your property, click here.

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