Water leaks hit home insurance hard

Britons fork out over £1.8 billion per year to repair the damage caused by leaking water in their homes, according to new research from Halifax Home Insurance. During the past five years leaking water from washing machines, dishwashers, burst water tanks, pipes, showers and baths have left the homes of nearly 17 million Britons in disarray - some 3.3 million households per year.

The two biggest culprits for causing water damage in the home are washing machines, which account for damage to more than 5.2 million households (14%) and showers (10%). Burst pipes, leaking baths and 'human error' account for 7% of leaks each. Indeed Britons inflict an avoidable £130 million worth of damage each year on themselves simply by forgetting to turn off taps - wasting some 630,137 litres of water every day!

The water damaging properties as a result of taps left on could be used to fill a staggering 7,876 baths or flush 84,018 toilets. Meanwhile, leaking dishwashers caused 3% of damage followed by burst hot tanks and cold tanks with 2% each.

In response to the research findings Halifax Home Insurance is urging homeowners to ensure that they regularly check their fixed wet appliances and pipe work for any leaks, and to make sure they always turn taps off after use. Lagging pipes also helps to prevent unexpected bursts from frost damage, as can ensuring that central heating is not left off for any length of time during cold spells.

The insurer is also warning the estimated 36% of homeowners in Britain that do not have buildings insurance that water damage can be costly to put right, at an average cost of £560 per incident. The following tips may prove useful:

• Prevention is always better than the cure. Regularly check your pipes and appliances to spot any potential weak spots.
• Always ensure taps are turned off after use - but avoid overtightening which can weaken washers and cause leaks.
• Ensure pipes are well lagged to prevent them from frost damage.
• Don't leave your central heating off for any length of time during winter. If planning a holiday use a timer switch to make sure the heating is on during colder periods of the day.
• Always go with a reputable tradesman as botched jobs undertaken by 'cowboys' could prove costly.
• Finally, customers with a water meter should be especially careful about ensuring taps are not left running unnecessarily, because they are literally pouring money down the drain!

12 March 2007 © Moneyextra.com

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