L&G: escape of water claims cost £730m
The L&G (Legal & General) ‘stop the drop’ campaign has underlined the fact that house insurance claims from an escape of water damage in UK homes cost the insurance industry £730m - almost double the £370m cost of burglary claims over the same period.
The Association of British Insurers reported 370 000 people made insurance claims for escape of water, with each claim averaging £2 000.
L&G added that its own figures revealed damage from frozen
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