With escape of water claims costs rising rapidly – up to £483m for the first nine months of 2017 – it’s no surprise that tackling this issue is the number one priority for the domestic property insurance sector and it’s no different in the high net worth market.
But while factors such as additional plumbing and expensive fixtures and fittings are behind the increased costs, the insurance industry, utility companies and the government need to take a more proactive and concerted approach to
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