Water damage insurance claims are an issue we deal with every week. We are continually called upon to deal with insurance companies or assessors on behalf of clients when they have sustained water damage to their homes.
With COVID-19 lockdowns keeping a large proportion of Australians at home, research from QBE Insurance indicates water damage insurance claims remain at high levels.
New research from QBE Insurance revealed that 77% of people who experienced water damage were home at the time of the incident, unravelling misconceptions that flooding mainly occurs when the house is unoccupied.
The QBE Insurance research statistics reveal that:
- 77% of claimants impacted by water damage were at home for the water damage incident.
- Burst pipes, blocked pipes, damaged roofs and old plumbing are the main water damage culprits.
According to the research, internal water damage is typical, with 58% of survey respondents having experienced internal water damage themselves or know someone who has, or both.
This coincides with QBE claims data, which found water damage incidents account for almost a quarter (24%) of all home insurance claims. Water damage insurance claims are one of QBE’s most regular home insurance claims. An average claim is $5,000, and more severe water damage claims commonly reaching over half a million dollars.
“Preparedness and prevention are key to limiting the potential damage caused by internal water damage,” says Arron Mann, General Manager, Short Tail Claims at QBE.
“Water damage can happen whether a household member is at home or not being home more often, as many of us are right now, can increase the pressure on our plumbing and risk to our homes. However, this kind of damage can also be sudden and severe regardless of whether you’re home or not, which is why prevention and knowing what to do when something goes awry are so valuable.”
Despite 53% of research respondents saying their first response to water damage would be turning off the water main, 1 in 5 Australians (21%) don’t know where their water main is, and worryingly, 1 in 5 (18%) also don’t know how to turn it off.
The QBE research also revealed that almost 30% of Australians don’t know what home maintenance tasks can prevent water damage in their homes, with 16% not knowing that home maintenance can prevent it in the first place. Cost is also a factor, with 21% not undertaking any home maintenance because it’s too expensive, while 8% say they don’t have the time.
“Sometimes, the difference between no damage and severe damage can be in how quickly a householder responds. Yet concerningly, many people are unaware that much of this damage – and the stress and cost that comes with it – is often preventable,” says Arron Mann.
The best way to avoid water damage insurance claims is by regular maintenance from Whywait Plumbing. Now this will not prevent every possible water leak scenario from happening, but it will demonstrate to the insurance company that you have been undertaking regular maintenance if claim difficulties occur.
At Whywait Plumbing, we see instances every day of water damage that has occurred through the failure to maintain your home regularly. That is why we recommend all our clients to become a Service Partner and enjoy the VIP benefits of having a Service Partner Plan to maintain your most valuable asset, your home, proactively.
