Escape of water - myth busting
Escape of water (EOW) is not a problem that only occurs in the winter months. Here we outline some myth busting stats and commentary on EOW.
Myth 1: It’s only a winter issue
Busted
Bad winters may cause peaks, but the underlying volume of Escape of water (EOW) claims is steady, its average cost increasing and showing multiple causes.
Source: Association of British Insurers
Myth 2: It’s only a problem for residential property
Busted
Industrial and commercial are just as likely to be affected and the claim volume may be lower, but the value could be much higher.
Source: Association of British Insurers
Myth 3: It’s not a source of major losses for insurers
Busted
Escape of water has largest share of claims
Source: Zurich
Myth 4: It’s modern properties that are affected the most
There is greater prevalence of water in the home:
- 76% of homes were built pre-1979
- 1970s - 30% of homes had central heating, 65% a washing machine
- 2010s - 95% of homes have central heating, 97% a washing machine and 45% a dishwasher
- Source: Crawford's WOW
Home improvements and extensions feature more bathrooms and fitted kitchens, underfloor heating and other lifestyle choices.
Busted
It's not just new property, it's all property
