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Reading this article counts towards accumulating your annual CII structured learning hours. Log in or register to track your reading time and answer questions related to the Claims learning outcome(s)

A pictorial guide to escape of water risk

This article counts towards accumulating your annual CII CPD structured learning hours for Claims.

By reading this article, and correctly answering the three questions underneath, you will have achieved the following learning outcome: Summarise latest claims trends and identify how the insurance market is responding.

Visit the CPD Hub to log in and begin accumulating CPD hours.

Escape of water is one of the most significant risks that many property owners will face – with insurers paying out £2.5m every day for these types of claims. While a typical claim for burst pipe damage may run into thousands of pounds, we have dealt with escape of water claims running into hundreds of thousands, or even millions of pounds.

Here, we discuss some common causes of escape of water claims, and how to reduce the risks of such incidents occurring.

*ABI Report 2015

Image © Getty

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