The Financial Blog

Sometimes, and this is one of those times, I cannot believe the press releases that come out of some financial organisations!

Today, Tescocompare.com has released it’s Mr Bump report, yes, Mr Bump, as in the Mr Men series.

This new, obviously ground breaking, new research has been carried out to tell us all how accidents occur in our homes and how much damage this causes every year. Oh, and of course, that everyone should compare home insurance on the newly launched Tescocompare.com home insurance comparison service.

Anyway back to the ground breaking report; apparently if you live in London you’re more likely to have an accident in your home and amazingly, in London 6 out of 10 people have dropped something or split something! I wonder how long it took them to come up with these figures!!! I can’t believe people in London drop things! Amazing…

Here are the rest of the ground breaking findings;

• Drinking a bit too much is to blame for £95 million pounds worth of damage to British homes each year
• Young children cause £136 million pounds of damage each year
• Pets cause £87 million pounds of damage each year
• DIY mishaps cause one in ten accidents - with a total bill of £149 million
• But messing around/horseplay tops the list of causes - resulting in one in four accidents - total bill £325 million

Commenting on the research, (and getting a plug in for Tescocompare.com) Paul Baxter of Tescocompare.com said: “As the saying goes accidents do happen - and this research suggests many of us suffer financial loses on an annual basis. You can insure against accidental damage - and the new home insurance service on Tescocompare will enable you to see what is covered, and what is not, in the event of an accident.”

I’ve no doubt that Tescocompare.com is a good insurance comparison service, just like the other comparison web sites around; I think they’ve revolutionised the finance and insurance industries in the UK and all in a positive way for consumers. But please, please leave the totally ridiculous PR out!!

Oh and don’t forget - >> Click here to compare home insurance!

This entry was posted on Friday, June 13th, 2008 at 1:33 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.