First time buyers urged to cover their property

9th March, 2006

First time buyers have been urged to make home security as big a priority as chasing the best property price.

With more than 750,000 homes burgled last year, Lloyds TSB Insurance says the figures prove young people are especially at risk, as they struggle to afford the best security systems.

The company has advised buyers to get themselves covered with a good home insurance deal before they move into their new property - as important a precautionary measure as putting in security devices.

'Buying a home for the first time is stressful enough without having to worry about the threat of being burgled,' said Phil Loney, managing director of Lloyds TSB Insurance.

'First time buyers however are likely to be targets for property thieves - all the evidence shows that it's young people and those that have only lived in a property for a short time that are most at risk,' he added.

There are a variety of cheap home insurance deals currently on the market, which buyers can check out by looking online.

 

• Next Article: Concern over tenants' insurance policies
• Previous Article: Look to the interior, homeowners advised
• This Month: News For March 2006