Property claims for escaped water tripled

Statistics compiled by Lockton's Real Estate & Construction division revealed that property claims arising from escaped water trebled over the past 12 months, accounting for 45% of the total logged by the insurance broker. Steve Bracey, managing director, Lockton's Real Estate & Construction division, said: "Increasingly, insurers are telling us that something has got to be done about this problem, which not only affects the insurance community but has a major impact on property firms' balance s

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: