Myth busting
Myth 1. It s only a winter issue
Myth 2. It s only a problem for residential property
Bad winters may cause peaks, but the underlying volume of Escape of Water (EOW) claims is steady, its average cost increasing and showing multiple causes (Source: Association of British Insurers)
Industrial and commercial properties are just as likely to be affected and the claim volume may be lower, but the value could be much higher (Source: Association of British Insurers)