17/04/2012
Millions Of Customers Mis-sold Water Pipe Insurance
A watchdog has found that millions of British homeowners have been missold expensive and potentially unnecessary water pipe insurance of around £35 a year.
Which? has found 10 of the 12 largest water companies promoted the supply pipe insurance, despite many customers automatically being covered by their free policies.
They have calculated that customers could have spent more than £100m on the insurance, which they say they “don’t need and won’t claim on.”
The revelation, which relates to third-party water pipe insurance providers Homeserve, comes as water companies face accusations of wasting water through failing to repair their own leaks during the drought.
As households submit to a summer-long hosepipe ban, nearly half of companies have been criticised for not doing enough to stop mains supplies leaking.
Last month it was reported nearly 300m gallons of water could be lost per day though leaks and companies have vowed to improve.
In an article for customers, Which? wrote: “Millions of customers buy specialist insurance they don’t need and won’t claim on.
“All ten water companies offer their own free pipe repair schemes, which you are automatically entitled to use. But information on these schemes is often hard to find on the companies’ websites.
“According to Homeserve’s marketing, 8% of homeowners have a water pipe emergency, such as a leak, ‘at some point’.
“Given that people could own their home for 20 years or more, we think the risk of your water supply pipes rupturing is relatively low, so it makes sense to check the cover offered by your buildings insurance policy and water company before forking out for expensive cover you’ll probably never use.”
Which? has found 10 of the 12 largest water companies promoted the supply pipe insurance, despite many customers automatically being covered by their free policies.
They have calculated that customers could have spent more than £100m on the insurance, which they say they “don’t need and won’t claim on.”
The revelation, which relates to third-party water pipe insurance providers Homeserve, comes as water companies face accusations of wasting water through failing to repair their own leaks during the drought.
As households submit to a summer-long hosepipe ban, nearly half of companies have been criticised for not doing enough to stop mains supplies leaking.
Last month it was reported nearly 300m gallons of water could be lost per day though leaks and companies have vowed to improve.
In an article for customers, Which? wrote: “Millions of customers buy specialist insurance they don’t need and won’t claim on.
“All ten water companies offer their own free pipe repair schemes, which you are automatically entitled to use. But information on these schemes is often hard to find on the companies’ websites.
“According to Homeserve’s marketing, 8% of homeowners have a water pipe emergency, such as a leak, ‘at some point’.
“Given that people could own their home for 20 years or more, we think the risk of your water supply pipes rupturing is relatively low, so it makes sense to check the cover offered by your buildings insurance policy and water company before forking out for expensive cover you’ll probably never use.”
Related UK National News Stories
Click here for the latest headlines.
07 November 2003
Water price rise proposals 'unacceptable for customers'
WaterVoice has today described companies' proposals for billing as "unacceptable to customers in their current form", and called on water companies, regulators and the government to "think about customers' priorities" in terms of value for money.
Water price rise proposals 'unacceptable for customers'
WaterVoice has today described companies' proposals for billing as "unacceptable to customers in their current form", and called on water companies, regulators and the government to "think about customers' priorities" in terms of value for money.
09 January 2014
Burst Water Main Causes Chaos
A burst water main has caused considerable flooding in Glasgow. A statement from Scottish Water said: "An issue with a faulty valve which regulates pressure has resulted in burst water mains in Mount Stuart Street, Shawlands; Cowcaddens and Duke St at the junction of East Wellington Street and Shettleston Road.
Burst Water Main Causes Chaos
A burst water main has caused considerable flooding in Glasgow. A statement from Scottish Water said: "An issue with a faulty valve which regulates pressure has resulted in burst water mains in Mount Stuart Street, Shawlands; Cowcaddens and Duke St at the junction of East Wellington Street and Shettleston Road.
11 August 2008
Water Companies Submit Water Pricing Proposals
The UK's largest water and wastewater services company, Thames Water, has announced it expected its bills to rise by about 3% a year above inflation. However, the company said its £6.5bn investment plan would be the largest spending programme carried out by a UK water company.
Water Companies Submit Water Pricing Proposals
The UK's largest water and wastewater services company, Thames Water, has announced it expected its bills to rise by about 3% a year above inflation. However, the company said its £6.5bn investment plan would be the largest spending programme carried out by a UK water company.
08 May 2012
Data Reveals Very Low Targets For Stopping Water Leakage
Data obtained by the Guardian newspaper reveals that more than half of water companies will not be required to reduce their leakages by a single drop before 2015, despite the worst drought in 25 years. The information, which came from regulator Ofwat, also shows the entire water industry will cut leaks by only 1.5% in that time. 3.
Data Reveals Very Low Targets For Stopping Water Leakage
Data obtained by the Guardian newspaper reveals that more than half of water companies will not be required to reduce their leakages by a single drop before 2015, despite the worst drought in 25 years. The information, which came from regulator Ofwat, also shows the entire water industry will cut leaks by only 1.5% in that time. 3.
24 March 2009
Water Industry 'Must Modernise'
The water industry needs to invest more in new technology and innovative solutions to meet the challenges of the 21st century, according to a new Independent report published today.
Water Industry 'Must Modernise'
The water industry needs to invest more in new technology and innovative solutions to meet the challenges of the 21st century, according to a new Independent report published today.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.