The great escape – How to avoid unnecessary water damage claims

The changing of the clocks means different things to all of us, dark evenings, central heating, winter coats coming out of the cupboard along with a winter wardrobe you had almost forgotten, de-icing the car…..the list goes on. However for insurers specialising in the world of High Net Worth insurance, the clocks changing signifies busy times ahead as they prepare for winter to take its grip on homes, and who can blame them!

Escape of water is a major cause of claims during the winter period with a high proportion of all claims coming from frozen or burst pipes. In fact, during the big chill of 2010/2011 the household insurance market suffered over 3,500 claims a day for burst pipes with average claims costing £7,000!

However, our private clients have the comfort of knowing that, should the worse occur, our panel of high quality insurers will react without any delay. Firstly, the cover is “watertight” (unlike some pipes) and we will work hard with your insurer to ensure that any disruption is minimal. In addition, our policies provide generous levels of cover for tracing and accessing a leak, even if it occurs underneath a marble floor. And, in the worst scenario our policies will pay for you and your family to relocate temporarily in to alternative accommodation should your home be un-inhabitable.

Below are some small steps that you can take to prevent escape of water claims or at the very least stop them escalating into larger claims:

  • Keep your central heating on at a low temperature to ensure pipes do not freeze
  • Have your heating system serviced annually to ensure that it is in good working order
  • Check all rooms within the home regularly to ensure any leaks are spotted before they escalate
  • Have the home checked at least once a week when away on holiday or business

For further information or advice please contact Carl Sharp, Private Client Manager on 0118 9165 487 or complete an enquiry form.

Author: Tony Gibbs | November 7th, 2012

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Tony Gibbs
Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767