Freezing winters cost £1bn in burst pipes

Freezing winters cost £1bn in burst pipes

Every second a burst pipe is leaking water it is causing expensive damage to your home.

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AXA is warning that the last two years have seen one in a thousand people fall victim to burst pipes with average claims reaching a massive £25,000.

Statistics from AXA home insurance show that during the freezing winters of the last two years, ‘escape of water claims’ have escalated by around 50% leaving tens of thousands of homeowners facing the misery of damaged or destroyed property and a total insurance bill of £1bn.  The company calculates that the bill for the 20%** of people with no contents insurance could have cost consumers a further £23m out of their own pockets.

Read More at AXA

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