Water damage takes over as top household claims cost

A new type of claim has overtaken fire and theft as the most expensive claims cost in household insurance, according to Norwich Union (NU).

The insurer has estimated that 'escape of water' (EOW) is costing the industry £250m a year in claims costs, and is set to change the face of household insurance.

Julian Beardsworth, director of personal lines, underwriting, at NU, said: "We need to raise awareness, and then start to mitigate the risks involved in EOW. This does not appear to be on anybody

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