Fire Damage costs up a whopping 16%

The cost of fire damage in the UK rose by 16% last year to a record £1.3 billion, according to figures recently announced by the Association of British Insurers.

Commercial fire damage cost £865 million, up 15% on the previous year, while school fires alone cost £33 million, with a serious school fire occurring – on average – every month. Fire damage to homes cost £408 million, up 17% on the previous year.

There has been a marked increase in what is termed large loss fires (those over half-a-million). It’s believed that fraudulent arson and arson in general are both factors. Modern materials used in construction have also been mentioned as possible other causes.

Here at Due Diligence Solutions, we are happy to help with any of your risk assessment queries. We can also provide any Fire Training that your company might need. To contact one of the team, or to request further information, please call 0844 372 7300 or contact us online