However, a recent report published by Global Insurer, Chubb, has identified a larger, often overlooked and costly threat hiding in all Australian households. That threat is water damage, and according to Chubb’s research, internal water damage in Australian homes is now a more common and costly risk than fire and burglary.
The top 4 causes of water damage in Australian homes:
Tips to safeguard your home from water damage
Ironically, one of the most frightening dangers that a water leak can lead to is a fire. It sounds crazy, but if you consider that if leaking water reaches your electrical supply or loose wires, it can cause the electricity to short circuit, create a spark and potentially ignite a fire.
Our Insurance Advisers can help to ensure your household is adequately protected should a water damage incident occur.
Contact Provident Insurance Services today and speak to one of our Advisers about the right Home and Content Insurance product for your needs and budget.
The information provided in this article is of a general nature only and has been prepared without taking into account your individual objectives, financial situation or needs. If you require advice that is tailored to your specific business or individual circumstances, please contact Provident Insurance Services directly.