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Brokers informed: The perils of escape of water claims for HNW clients

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  • Claims
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Escape of water claims are reaching an all-time high and the risk can be even more prevalent in the high-net-worth sector. From bespoke wet rooms to expensive technology, with homeowners away for extended periods, the damage can prove complex and expensive.

This article highlights the factors pushing up claims costs, how brokers can manage the claims process and provide risk mitigation advice to HNW clients.

Topics covered:
• Water claims in numbers.
• Cutting the supply.
• Leak detection technology.