How to tackle the rise in escape of water costs

Burst-pipe

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…..

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