Burst Pipes Boost Home Insurance Claims
Published: 10 February 2010 By MoneyHighStreet Staff 1 Comment
Claims against home insurance policies have risen sharply as damage caused by burst pipes has increased significantly during the bad weather.
DirectLine has seen home insurance claims rise by 33% as a result of the bad weather since the start of the year. Claims for burst pipes and other water damage have increased significantly, according to the insurer.
Not only have the number of claims risen since the new year, DirectLine is also predicting that the costs of repairing property and replacing damaged belongings will also rise. Presumably this is because of the demand for plumbers and associated trades. It is also important that householders are adequately insured and that they find an insurance policy that provides cover for such eventualities.
With weather forecasts predicting more cold conditions over the next few weeks, insurers are urging householders to prevent their pipes from freezing as best they can. Keeping the central heating on at a low level and using good pipe insulation are two methods of ensuring that water pipes will not be damaged by the sub zero temperatures.
Advising home owners to avoid potential burst pipe problems rather than rectify water damage, Andrew Lowe, head of Direct Line home insurance, says:
“While claims from water damage are covered under most home insurance policies, precious belongings can’t always be replaced and the time and intrusion required to complete proper repairs can be a hassle, so it’s a situation that most people would rather avoid. If there is a leak, the first thing to do is shut off the water supply to the property via the main stopcock, then phone your home insurer for further advice.”