This year’s floods in the Townsville area showed only too clearly just how much damage water can cause for business and property owners. However, it doesn’t always need such a dramatic event for leaks to seep into our lives and for the costs to mount up.
That point was illustrated last week when Chubb launched its latest Insight Report – Get Smart about Water Leaks. It highlighted a 72% rise in the size of property-related claims by Australian homeowners due to internal water damage over the last five years – the average water damage claim has leapt from $17,627 in 2014 through to $30,361 last year.
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