Data Driven: Escape of Water
Our data science team analysed the impact of escape of water claims across the UK. The team has reviewed its claims data to provide the market with insight on the causes and costs of restoring a customer following an escape of water event.
- 70% of restoration costs are for flooring, decoration or plastering
- 38% of losses are caused by kitchen or bathroom appliance leaks
- 42% more expensive for alternative accommodation in the south-east than the rest of the UK