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WINTER IS COMING - and landlords need to be ready

Monday 30 October 2017

Okay, we know it’s been a bit mild, but Winter IS coming, and it’s important landlords aren’t caught out by the cold, wind, ice and snow - and the damage they can cause.

Right now, we know that top of landlords’ list of concerns are things like legislative changes, Section 24, capital gains tax and stamp duty - and the impact on their bottom line.

But the truth is that a single leak could cost a landlord even more money - an average of £5,150 and up to 100 days to fix.

In fact our claims data shows that storm damage and burst pipes are the top two causes for claims in Winter, as pipes freeze up and properties take a battering from the elements.

Storm damage is likely to cost you an average of £1,770, while flood damage could be a whopping £19,500. And things only get worse as the Winter goes on - with February the top month for Winter claims.

Top 5 winter claims

Position

 Winter damage 

Average claim cost 

Average days to fix

1

Storm damage 

 £1,770 

61

2

Burst pipe

£5,150 

100

3

Fallen tree

 £2,230 

45

4

Boiler breakdown

£270 per repair

2 visits



In our experience, much Winter damage could be prevented - and a well-maintained property stands a much better chance of squaring up to mother nature than one in need of repairs.

So are YOU winter-ready?


We've got a whole suite of Winter Guides to help you weather the bad weather. Keep an eye out - there's more to come as the winter rolls on!


Alex Huntley, Head of Operations at Simple Landlords Insurance, says: “We’re hoping our guides can help landlords get ready to face Winter with confidence - and nip any potential issues in the bud early before they escalate to big, expensive, problems.

“We’re urging landlords to check their roof, clear gutters and drains, invest in insulation, cover external pipes, service boilers and remind their tenants about fire safety - particularly around bonfire night and Christmas.

“By taking a few simple steps now, landlords could save themselves a lot of time and hassle - and hopefully save themselves that emergency phone call in the middle of Christmas dinner!”

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