Homeowners set to invest in their properties

Research has revealed that 61 per cent of UK homeowners intend to invest in their property over the next two years. The research shows that loft conversions and conservatories are set to be popular additions in 2010, with figures for such projects up 16 per cent and 32 per cent respectively.

With many people looking to make substantial improvements to their homes, Post Office Home Insurance is advising homeowners not to overlook how such changes may impact their home insurance policies.

Undertaking building improvements, which in many cases result in extensions such as conservatories or a loft level bedroom, may of course result in new purchases to fill these rooms. Post Office Home insurance advises that home insurance policies need to be updated to reflect any valuable possessions purchased.

Post Office Home Insurance also reminds people that if they intend to make home improvements they need to consider by how much this may increase the value of the property. Therefore, Post Office Home Insurance advises those homeowners with existing home insurance policies to check what value of property their current home insurance policy covers.