QBE has identified water pollution as the most expensive issue for landlords . The Australian insurer said a review of its data showed flood and storm damage accounted for 70 % of recent claims , with issues relating to faulty pipes , leaks or water supply responsible for 21 % . In comparison , rent payments and theft comprised only 12 % and 10 % respectively , while electricity problems led to 6 % of claims . QBE said landlords could reduce the risk of water damage with better maintenance and health care , as well as implement preventative measures like cleaning gutters .
QBE has identified water damage as the most expensive issue for landlords. The Australian insurer said a review of its data showed flood and storm damage accounted for 34% of recent claims, with issues relating to faulty pipes, leaks or water supply responsible for 21%. In comparison, rent payments and theft comprised only 12% and 10% respectively, while electricity problems led to 6% of claims. QBE said landlords could reduce the risk of water damage with better maintenance and property care, as well as implementing preventative measures like cleaning gutters.