Brokers informed: The perils of escape of water claims for HNW clients

Flooded room

Escape of water claims are reaching an all-time high and the risk can be even more prevalent in the high-net-worth sector. From bespoke wet rooms to expensive technology, with homeowners away for extended periods, the damage can prove complex and expensive

An escape of water claim might not have the same emotional impact as a loss resulting from fire or theft, but from an insurance industry perspective, these types of claim are a major concern. Figures

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