22 April 2013

Posted by Discount Insurance on Monday, April 22, 2013 No comments
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Brits are spending £14 billion a year on sprucing up their extravagant gardens, new figures show.

It may be well-known that Brits love their gardens, but it appears they are becoming more and more elaborate.

New research from Lloyd’s TSB Insurance shows that the British public spends £14 billion every year on their back yards, with homeowners spending an average of £894 on furniture and accessories in the past 12 months.

But with a tenth of homeowners saying that they had invested in their garden because they could not afford to move home, it is interesting that outdoor spaces are becoming more about leisure then lawns.

Sales of outdoor plants may have fallen, but one in ten homeowners had added a hot tub and eight per cent had built a summer house outside. Perhaps this can be explained by the fact that nearly six out of ten said that their main use for their garden was as somewhere to relax.

Even so, it seems some homeowners have not given much thought to protecting their luxury gardens, with 44 per cent admitting either that their outdoor items were not insured or that they had no idea whether they were covered.

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