How to tackle the rise in escape of water costs
Adrian Ewington ACII, Home & Legacy, Underwriting & Markets Director
"With escape of water claims costs rising rapidly - up to £483m for the first nine months of 2017 - it's no surprise that tackling this issue is the number one priority for the domestic property insurance sector and it's no different in the high net worth market.
But while factors such as additional plumbing and expensive fixtures and fittings are behind the increased costs, the insurance industry, utility companies and the government need to take a more proactive and concerted approach to reducing these claims.
To read the full article from Home & Legacy Underwriting and Markets Director Adrian Ewington, click the link below…..
Established in 1995, Home & Legacy is one of the leading providers of high net worth insurance in the UK. We are best known for providing high value household insurance, bespoke motor, landlord insurance, worldwide travel and building works insurance. What’s more, with options for non standard, thatch, second homes, overseas properties, yachts and pleasure craft, we have solutions for all your clients’ needs. Our experienced advisors are dedicated to providing a first-class service. And if it becomes necessary to make a claim, our in-house team handles this to the highest standards. youTalk-insurance is sharing Home & Legacy insurance news and video.
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