ESCAPE OF WATER CLAIMS HOME BUILDING INSURANCE BEST DEALS
Recent statistics show that thousands of homeowners suffered last winter with escape of water claims. This caused damage to both the building of the home and in many cases the contents were also damaged and had to be replaced.
Before the worst of the winter weather sets in, this is the time to check to ensure that you have cover in force for your buildings insurance and also your contents insurance. Recent statistics suggest that nearly 20% of the population do not arrange contents insurance cover and this is very risky to say the least.
Last year insurance companies were inundated with burst pipe claims due to the freezing weather and it was not unusual to discover that the total cost of the claim was in the region of £25,000 and this shows the devastating affect that this type of claim can have on not only the building of the property,but also the possessions in the house.
There were also larger claims that were over £100,000, so the effect can be quite devastating on the property.
Many claims last year emanated from pipework in the integrated garage of a property and this is an area to keep a close eye on for any potential problems and to ensure that the pipes are well lagged in these areas.
Due to the high number of claims that insurers suffered in the last few years, the amount of excess for an escape of water claim has also increased with many insurers. Check your cover to ensure that you are aware of what your excess is for this cover. Some insurance companies have increased this excess to £250,so make sure that the cover suits your needs.
The main point to bear in mind prior to the winter is checking that you firstly have cover in force and then making sure that it fully meets your needs. Make sure everything is in order to avoid any nasty shocks this winter.
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