Horizon policyholders to get leak sensors

With Association of British Insurers data showing escape of water claims made up nearly a third (30%) of all domestic household claims in 2018, Horizon (UW) Limited has decided to address the issue by partnering with smart-home specialist Hive. Horizon, which underwrites on behalf of a consortium of insurers led by Legal & General, will be including the Hive Leak Sensor in all its policies starting January 01 next year for new business and from February 01 for renewals. The goal of the Worcestershire-based underwriting agency is to tackle escape of water, the cause of approximately £1 billion in damages last year. Commenting on the tie-up, Horizon founder and chairman Richard Pexton stated: “Horizon’s partnership with Hive marks an important step forward for household insurance in changing normal practice from repair and replace to predict and prevent.