Leaks costing flat dwellers millions

November 20, 2009 at 4:39 am

Each year people living in flats are spending over £400 million on water damage caused by leaks. What’s worse is that the problem often lies with their neighbours having ignored what they thought was a minor problem.

Research carried out by HomeServe has revealed that a casual attitude towards fixing leaking pipes quickly and professionally causes misery and financial liability for hundreds of thousands of people each year.

The recession has meant that many of us are looking for ways of saving money and it is perhaps tempting to put off carrying out repairs which we feel are insignificant, such as a leaking pipe, washing machine or toilet.

Leaky loos affect a huge number of people, with a staggering hundred thousand of us putting up with the problem for more than a year, whilst over a million of us put up with leaking taps, despite our apparent desire to use water wisely.

Although we may feel that the problem is a minor one, water damage either to our own homes or adjoining flats can result in a huge bill. The average cost of repairing water damage is close to £2,000 with some facing bills of £25,000.

Apart from the more obvious damage, leaks can also compromise electrical safety in the home as well as cause damp problems and rot.

HomeServe provides a service for emergency home repairs, 24 hours a day, 365 days a year and, unlike the majority of home insurance policies, will pay for the actual repair rather than just the damage.

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