Lansdown Insurance Brokers Ltd - Press Release

26^thFebruary 2025

FOR IMMEDIATE RELEASE - For an image please click here - Blocks of flats pic

Lansdown Insurance Brokers, specialists in block of flats insurance has unveiled key insights into the most frequent insurance claims for blocks of flats in 2024. The data highlights common risks faced by landlords and property owners, as well as positive trends in claim cost reductions compared to 2023.

Darren Bee, Associate Director at Lansdown, commented:"It's reassuring to see a decline in claim costs across key areas, which suggests that property owners are taking proactive steps in maintenance and risk prevention. However, the high number of claims highlights the continued importance of having comprehensive insurance cover tailored to the specific needs of flat owners and landlords."

Key Findings from 2024:

1. Escape of Water - Accounting for 42% of all reported claims, water leaks and burst pipes remain the leading cause of insurance claims. However, the average cost per claim has reduced by nearly 45%.
2. Accidental Damage - Representing 30% of claims, accidental damage remains a significant factor, covering incidents such as broken windows, maintenance-related mishaps, and water ingress.
3. Storm Damage - Storm-related claims made up 15% of total cases, yet the average cost per claim fell by nearly 48%.

Full information on claims costs, types of claims and preventative measures can be found here:

https://www.lansdowninsurance.com/blog/top-3-most-common-blocks-of-flats-insurance-claims-in-2024/

ENDS

For further press information please contact Jenny Viner at jennyviner@jennyviner.com or call 07766 731164.

About Lansdown Insurance Brokers:

• Lansdown Insurance Brokers are specialists in Block of flats insurance, Landlord insurance and Business insurance. We are able to provide flexible policies to suit individual client needs and provide advice on what cover is needed. For more information call the team on 01242 524498.

Visit Lansdown Insurance Brokers here - https://www.lansdowninsurance.com/

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