Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 15th of August 2018
December 9, 2010

UK sees temperatures fall and claims soar

by Richard Kilner

Story link: UK sees temperatures fall and claims soar

UK sees temperatures fall and claims soar

As the mercury plunges the number of claims regarding burst and frozen pipes has rocketed, Lloyds TSB Insurance has stated.

The insurer has seen such claims increase sevenfold, with 5% of home insurance claims relating to burst/frozen pipes, and is urging homeowners to take steps to reduce the risk of suffering such problems.

Burst pipes can cause serious, extensive and expensive damage to homes, damaging structures and electrical wiring.

The risk is unlikely to diminish in the near future with the Met Office issuing a series of severe weather warnings throughout the country, particularly in Scotland and North-east England.

Lloyds TSB Insurance’s Tim Downes has stated that the average cost of repairing a burst pipe is £2,000, a hefty sum which is well worth taking precautionary measures to avoid.

The insurer advocates insulating lofts, pipes and water tanks, and leaving the heating on low to prevent freezing.

Homeowners should also know where their water stop tap is, and how to turn off the mains supply if necessary.

Home insurance is not the only type adversely affected by the winter weather, with AA Insurance reporting a spike in car insurance claims of 23%.

 

News posted:



Related stories to UK sees temperatures fall and claims soar: