Property expert warns of costly mistake for homeowners
A property specialist at the Alan Boswell Group, Heath Alexander-Bew, has sounded the alarm on a common oversight that could end up costing homeowners nearly £3,000. Skipping security upgrades in your home may seem minor, but it can lead to significant financial repercussions, especially related to insurance issues in the future.
According to Alexander-Bew, failing to install the necessary security measures required by British standards could leave homeowners vulnerable to losses from burglary or theft. Ensuring that locks and alarm systems meet the specifications set by insurers is crucial in protecting both the property and its contents. The repercussions of overlooking these upgrades could be severe, potentially resulting in financial setbacks in the event of a break-in.
Statistics from Ewing Associates show that burglaries can typically cost homeowners an average of £2,800. In a previous Mirror report, it was highlighted that three million theft incidents were reported in 2023, with one in five individuals experiencing a burglary in England and Wales. In case of a burglary, most home insurers expect homeowners to have a minimum level of security in place to be eligible for coverage, as pointed out by Policy Expert.
Policy Expert further emphasises that the types of locks installed on doors and windows must meet the standards specified by the insurance policy. Failure to meet these criteria, whether due to improper maintenance or substandard locks, could result in insurers rejecting claims. For homeowners residing in high-crime areas, the policy may require specific locks to be fitted for insurance coverage to be valid.
To enhance security, Policy Expert recommends installing one of the six main lock types, such as the five-lever mortice deadlock known for its high security or multi-point locking systems as the next best option. These locks are readily available at various home and DIY stores, including Screwfix, Homebase, and B&Q.
Ultimately, investing in better security measures not only safeguards the property and belongings but also potentially saves homeowners from the trauma and financial losses associated with a burglary. By prioritising security upgrades, homeowners can protect themselves and their assets effectively.
Please share your thoughts on this vital aspect of home security in the comments section below.