With DIY and power tools a popular choice of gifts for Father's Day, SGIC is reminding dads to make sure their new gifts are insured.
If a man’s home is his castle, the shed or garage is often the ‘man cave’ where he stores all types of things. An SGIC survey* found the most common items found in SA men’s sheds or garages are gardening equipment (89%), power tools and DIY tools (83%), bicycles (53%) and spare furniture (44%).The survey also reveals that almost half of men surveyed don’t have adequate insurance cover for the items they store in their garages, or aren’t sure of their level of cover.
SGIC spokesperson Mariana Cidade urged SA residents to review their Home Contents Insurance to ensure their items are covered, should the worst happen.
“Year on year, our claims data** shows that items like mountain bikes and GPS units are popular with thieves, both in and outside the home. With the Portable Contents Option by SGIC Home Insurance, both are covered as portable items, or items that you would take out of your home, and you do not have to individually list items under $10,000 to be covered.”
“SA dads can take some simple precautions too, including always locking up their garages and marking their Drivers Licence number on the back of valuables like power tools.”
The top ten items stolen from SA garages and sheds in 2010 were:
* Based on a Pure Profile Research survey of 481 SA men in April 2011.
** Based on SGIC Home Contents Insurance claims data for the calendar year 2010.
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