Escape of water costs home insurers £730m a year

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The insurer cited figures from the Association of British Insurers showing that in 2010 over 370,000 people made escape of water damage claims with an average value of just under £2,000.

L&G added that its own figures revealed damage from frozen pipes increased from 1.3% of overall claims in 2009 to 6.5% in 2010.

The provider said that escape of water claims added an average £54 to every household insurance premium in the UK as it highlighted its ‘Stop the Drop' campaign to raise awareness of

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