Abacus Daily Debt News

Shed thefts to result in debt concerns?

People could be left needing debt help if their sheds are broken into, a new study has suggested.

An M&S Money survey found the average garden storage unit in 2010 contains £988 worth of property.

This is a £100 increase on 2009 calculations and 18 per cent of respondents admitted they frequently leave their sheds unlocked, while 49 per cent said they do so some of the time.

Just 12 per cent, moreover, felt their structures were secure enough to deter would-be thieves.

More than a third of those questioned noted lawnmowers are the most expensive item in the storage houses, while 28 per cent answered bikes.

Head of general insurance at M&S Andrew Ferguson advised homeowners to ensure their sheds are secure and their insurance cover is adequate.

Churchill Home Insurance recently warned of the financial loss that could be experienced by women who have their handbags stolen, as the content cost of such carry-cases may add up to nearly £2,000.

By Joe Shervin