Every year insurance companies pay millions of pounds to policyholders because of damage caused by escaping water. Many of these claims could have been avoided. While comprehensive cover takes away the worry of having to meet large repair bills, it won’t prevent your premium from rising because this cost is directly affected by the number and value of claims made on the policy. There are many practical steps you can take to reduce the risk of having to make a claim. This guide will help you to understand why claims are increasing and let you know what you can do to help minimise the risks, many of which involve little or no cost. It also includes a helpful check list of what to do if the worst happens.
Please read your policy carefully, check it for any exclusions and share this information with everyone in your block. It might help you make savings on your premiums and, at the very least, it could help you avoid the distress of having to deal with the consequences of an escape of water.