Tag Archives: water damage
Managing Escape of Water Risk in Residential Premises
Managing Escape of Water Risk in Residential Premises What do property owners and managers need to do? Within the residential setting, there is no one thing that will prevent an EoW loss. A loss is usually a culmination of several adverse actions / factors. Therefore, in order to reduce the likelihood and severity of an…
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10 ways to reduce the damage floods cause in the home
10 ways to reduce damage floods cause in the home Around 400 homes were flooded as a result of Storm Christoph earlier this year, the Environment Agency has confirmed. Severe rain weather warnings, meaning ‘danger to life’, were issued for parts of northern and central England, while separate yellow warnings, meaning ‘be aware’, were…
Read more Water damage – over 25% of all claims originated from this risk
In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims totalled £483m – an increase on the previous year. However, it’s also an issue in the commercial space. The continuing rise in escape of water…
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