Home insurance offers protection against the most likely things that can go wrong in your home. While we often think of outside threats like theft or fire, a new study1 has shown that more claims result from clumsiness than malice.
Accidental damage and escape of water are the most common reasons people claim on their home insurance, the study found.
Of 76,518 claims made last year, accidental loss or damage at home accounted for more than a quarter, with escape of water making up another quarter of claims.
Accidental damage is defined as sudden and unexpected damage to a property or contents by an outside force. This label is wide reaching, spanning everything from staining a carpet to drilling through a pipe.
Other reasons for claims included storm damage (13%), theft (7%) and accidental loss or damage away from home (7%). The least common reasons to claim included leakage of oil (108), property owners’ third-party liability (10) and arson, which recorded just seven incidents.
Come what may…
However careful you are, it is a fact of life that accidents happen. When damage occurs, having the right home insurance in place to cover it provides crucial peace of mind. We can help you find the best protection for your circumstances.