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value-of-british-kitchens-doubled-in-three-years

Value of British Kitchens Doubled in Three Years

September 9, 2016

The data comes from claims submitted to NFU Mutual after fires caused by kitchen equipment.

The value of British kitchens and items contained in them has doubled over the last three years, according to insurance provider NFU Mutual.

The data comes from claims submitted to NFU Mutual after fires caused by kitchen equipment.

While the insurance provider states the number of claims of kitchen fire damage has fallen every year since 2013, the average claim for damage has risen year-on-year in the same time period.

NFU Mutual reports the average cost of a claim has risen from £6,698 to £10,048 in 2015. The average cost of a claim for the first half of 2016 was £14,694.

It has attributed the rise, in part, to the growing popularity of home cooking and baking.

Retail analyst Conlumino revealed more than three fifths of adults baked at home at least once a week in 2013, compared with a third in 2011.

High value home specialist at NFU Mutual’s Cobham branch, Wayne Cooper said: “What we’re seeing from our data is a sharp increase in the value of people’s kitchens and the items they have in it, while the number of claims is actually dropping.

“We’ve seen a lot more claims for high-end range cookers and brands such as AGA, as the trend towards home cooking and backing sees our clients invest more in their kitchens than ever before.”

He implored home owners to correctly value the contents of their kitchen to ensure, if an accident was to occur, they would be “properly covered” with their insurance.

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