With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, RSA employ around 23,000 people, serving 17 million customers in around 140 countries. While RSA's origins lie in London, RSA is a global company with businesses in both mature and emerging markets. RSA have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. youTalk-insurance sharing insurance news and video.
RSA's Real Estate Practice publishes 'Escape of Water' risk bulletin
Escape of water poses one of the most significant risks to property owners.
The cost to property owners can be considerable when taking into account insurance excesses, lost time, damage to brand/image, loss of tenants, loss of valuable data and management time.
The value of claims paid by the UK insurance market for escape of water is estimated to be in the region of £2.6m per day.
There are several causes that result in the escape of water and this bulletin (click link below to download) offers some practical advice to help protect properties and prevent/ mitigate the damage…
To download RSA’s ‘Escape of Water - Real Estate Bulletin’, click the link below
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