Twitter Facebook RSS FEEDS

Rich Brits underestimate their gardens’ worth

Tuesday, 28 June 2011 4:41 PM

High-net-worth individuals often underestimate the value of their gardens when insuring their property, a leading home insurer has suggested.

A new study from specialist home insurer Hiscox reveals that 21 per cent of homeowners have items in their outdoor space they consider valuable, from furniture to plants.

Spending on gardens is set to escalate further as the poll of wealthy homeowners found that over half (53 per cent) were planning new landscaping work and planting over the next six months.

Almost one in ten (eight per cent) of those surveyed are planning on buying new outdoor furniture, while 11 per cent already display sculptures or garden art, 17 per cent own a fountain and 12 per cent store sporting equipment in their garden.

The research also revealed measures homeowners are taking to protect gardens with the most popular being locking items in a shed (64 per cent), followed by outdoor lighting (55 per cent) and high fencing (50 per cent).

Austyn Tusler, insurance expert at Hiscox, said: "When thinking about insurance for the home, it's all too easy to overlook the value of the contents in your garden… Favourite items – a luxury furniture set, exotic plants and sophisticated gardening equipment – can be costly to replace."

Want to be the first to know when we break a story? Follow @AboutProperty on Twitter and subscribe to our free weekly newsletter. 

Related stories

Man picking tomatoes in garden

Third of Brits grow their own fruit and vegetables

A third of Brits are using their gardens to grow their own fruit and vegetables, according to a new survey released today.

 Wheelbarrow and tulips in the garden

Brits spend £7.7 billion on gardens each year

The love affair between Brits and their gardens is very much alive and kicking – but 24% don't spend any time at all out there!
Long-term insurance prospects for properties at risk of flooding are said to be bleak. Image:Thinkstock

Owners warned on flood risk insurance

One in four homes could be left uninsured when flood insurance deal expires next year, warns Searchflow.

 AA Insurance report more theft claims over the last year.

Home insurance premiums reach new highs

Survey by AA Insurance shows 11 per cent average rise in cost of buildings, contents and combined policies in 2011.
Setting a burglar alarm

Not swapping home insurance costs Brits £1.7bn

Almost three-quarters of us are sticking with the same insurer - but by switching policy you could save around £100 a year.

 Around one in three 35 to 54 year-olds do not have cover to protect their mortgage payments.

Four in ten mortgage holders do not have life insurance

Four out of ten mortgage holders do not protect their contributions with life insurance, say Sainsbury's.
Woman mowing the grass

How to keep your grass green in warm weather

The summer is finally here, but don't let that spell bad news for your lawn – just follow our easy tips.

Presents under the tree

Brits spend £250-500 on Christmas presents

Research reveals that Brits splash the cash at Christmas but risk burglary by storing the gifts all in one place.
Ian and Barbara Topham in Britain's most unusual garden

For sale: Britain's most bizarre garden

At just 30ft wide but three quarters of a mile long, this unusual plot could take the new owner half an hour to explore.

 Chicheley Hall

Flowers at Chicheley Hall: Floral fun in August

This new, Buckinghamshire-based event is the first of its kind, and promises to be enjoyable for anyone with an interest in flowers.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.

Save space with a small bathroom suite

Most people dream of having spacious bathrooms with a freestanding tub and a separate shower cubicle where you can relax in pure luxury. However, the reality is that bathrooms are rarely as big as we'd like them to be. Here are some tips on how to make the most of a small bathroom.

The benefits of choosing painted kitchens for your home

If you want to give your home a makeover, consider painted kitchens. While these look great in traditional properties, such as cottages and farmhouses, they also work well with contemporary spaces due to the large selection of styles and colours.