Insurance companies are paying out a staggering £1.8m EVERY DAY in the UK for damage caused by escapes of water inside homes and businesses.
The figures from the Association of British Insurers are mind-blowing and yet the amount they pay out could be so much lower if each insurance company gave all its customers a pack of 5 super-absorbent FloodSax which are designed to soak up water in the hardest-to-reach places such as beneath boilers, under floorboards or below sinks.
The trade cost could be around £20 per house plus postage.
Instead, insurance companies are paying out on average £2,638 for each escape of water claim. These are the leading cause of home insurance claims in the UK with escape of water claims accounting for 29% of all domestic claims.
That’s just the financial side. Internal leaks cause absolute misery as water is incredibly destructive, damaging everything it touches from floors and furniture to electrics so it usually all has to be thrown away.
That’s before you’ve all the hassle of making a claim and then trying to find trades people who can do a good job and, more importantly, when they’re available. You could be living in a house badly damaged by water for months waiting for vital repairs.
FloodSax are thin absorbent pads with a large surface area and a gelling polymer so they soak up water to stop it escaping anywhere else. It means you can use them to prevent costly water damage while you turn the stop tap off and call for help from an emergency plumber.
FloodSax are made by Environmental Defence Systems based in Huddersfield, West Yorkshire, and Lucy Bailey from the company said: “FloodSax are vacuum-packed so are space-saving to store yet so quick and easy to deploy they can be in action preventing serious water damage in less than one minute.
“If flood damage could be prevented just think how many millions of pounds the insurance industry would save itself every year. There is a saying that prevention is better than the cure and, as we all know, curing the problem of a house or business badly damaged by water is a long, drawn-out, painful and expensive process.”
One lady has flood-proofed her Victorian flat in Great Malvern, Worcestershire, by putting FloodSax beneath her boiler, sinks, kitchen units and even her bath to prevent flood damage.
FloodSax are white and show up any small leaks quickly with watermarks so a potentially catastrophic plumbing problem can be repaired early. In short, they are an early warning system.
What people may also not realise is that the excess you pay for a flood in your home is way more than your usual excess, typically £300 compared to £100.
Insurance comparison giant Go Compare states: “Water leaking and causing damage in a home is very common and the compulsory excess for these claims will often be around £300, which is higher than normal.”
In short, it simply makes no sense not to have packs of FloodSax ready for a flood as the cost is negligible compared to the cost of a flood. With the excess so high it’s doubtful people would claim unless the damage was around £500 bearing in mind any claim would likely push the premium sky-high the following year.
Escapes of water are most likely to come from a water pipe, a leaking domestic appliance such as dishwashers and washing machines, the boiler and central heating system or a water tank.
Worryingly, one insurance giant revealed that not all escapes of water you think are covered are actually covered.
These include damage to drains or pipes, flooding caused by taps being accidentally left on, water escaping from external pipes that are above ground, loss or damage to solid floors by infill materials settling, swelling or shrinking due to a water escape; loss or damage caused by subsidence, heave or landslip caused by an escape of water.
So, like a lot of these things it’s worth reading the exclusions on your home or business insurance policies as it may shock and surprise you.
People searching for FloodSax online call them floodsacks, floodbags, flood_bags, sandbags other, alternative sandbags, sandless sandbags, gelbags and polymer bags but there is only one multi-use FloodSax.
For more information on FloodSax, including testimonials and video go to www.floodsax.co.uk