26 October 2022
46% increase to balcony fires in the last twelve months
The worrying statistic that there has been a 46% increase in balcony fires over the last twelve months comes from a report by balcony manufacturer AliDeck.
Their data outlines that 310 fires occurred on balconies between August 2021 and July 222, with 59% of them being caused by smoking. More details on their findings can be read here.
This research poses serious questions to managing agents and property managers who are responsible for ensuring that their insurance covers such instances.
To discuss your property insurance needs, especially for multi-occupancy residential buildings, speak to our Property Division.