Beware burst pipes
Homeowners have been urged to ensure they are taking precautions against burst water pipes, with the freezing weather conditions set to continue across the UK in the coming weeks.
Analysis by Virgin Money Home Insurance reveals that burst water pipes and ‘escape of water’ accounted for over 15% of all claims between December 2008 and November 2009.
Virgin Money Home Insurance figures showed that the average paid claim for the escape of burst pipes and escape of water was close to £3,000. This is compared to under £500 for personal possessions loss or theft.
Grant Bather, spokesman at Virgin Money, said: "Although Christmas has passed, the cold weather is far from over and homeowners should be prepared for the effects that the cold weather could have on their property.
"With the Met office forecasting more cold weather over the coming weeks across the country, homeowners should make sure that they have adequate insurance and are taking the necessary precautions to minimise the possibility of freezing or faulty pipes.
"Turning on your hot water and central heating for just an hour or two each day could help to reduce the possibility of your pipes freezing over."
With Virgin Money Home Insurance, homeowners are covered against storm or flooding as well as water escaping from heating systems or appliances. With the optional extra, Home Emergency cover, policy holders are covered for emergencies such as their boiler breaking down, electrics failing or your water pipes bursting.
For further information
Grant Bather at the Virgin Money Press Office
Tel: 0207 111 1012
Kevan Reilly/Chris Jarvis, Citigate Dewe Rogerson
Tel: 0207 638 9571
About Virgin Money:
- Virgin Money is Virgin’s financial services arm and was established in 1995.
- Virgin Money has more than 2 million customers and offers a wide range of financial products across lending (e.g. credit cards and personal loans), savings (e.g. deposits, investments and pensions) and protection (e.g. life assurance, household and car insurance) to the UK market.
Virgin Money Personal Financial Service Ltd is authorised and regulated by the Financial Services Authority (FSA). Registered office: Discovery House, Whiting Road, Norwich NR4 6EJ. Registered in England No. 3072766. Entered on the Financial Services Authority's register number 179271.