Water Damage | Chubb

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Get smart about water leaks

Valuable insights into the surprise risks that could sink your home and finances.

More costly than ever

A review of Chubb's proprietary data reveals that water damage claims are now more costly than any other household incident, including fire and burglary. However, while most homeowners have locks, alarm systems and fire detectors installed, most are unaware of the threat of water damage and therefore largely unprepared for an incident.

Chubb's water damage report key findings

Internal water damage in Australian homes is now a more common and costly risk than fire and burglary.

Burst flexi hoses are the leading causes of water damage in Australia.

The average claim from water damage has increased by 72% in the past five years.

Compared to 94% of homeowners who have smoke and/or fire alarms installed, in their homes, only 1.5% have water shut off devices.

Water damage claims compared to other domestic property claims

Based on Chubb data for attritional claims averages from 2015-2019

* This includes a variety of claims for accidental damage or miscellaneous events.

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testimonial

"We've never filed a claim. So it was quite a shock when this actually happened."

Darrell B.

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Insights

Protecting your home from water damage

A burst flexi-hose can deliver up to 600 litres of water per hour into your home resulting in significant damage. Here are a few simple ways to help keep your home safe and dry.

Tips to help prevent water damage in your home

Installing a water leak detection system can monitor the flow of water into your home and help reduce damage. Masterpiece policyholders are eligible for a 10% discount on the Aquatrip system.

Chubb Water Leaks Report

 

Chubb's research into the rise of water damage to Australian homes.

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