A "significant" earthquake which hit the UK resulted in at least one injury and damage likely to run into millions of pounds. The Association of British Insurers said that the cost of damage to homes and property is likely to be in excess of £10 million. The tremor hit at around 1am and was measured at 5.2 on the Richter scale. Its epicentre was near Market Rasen, Lincolnshire, but emergency services across the UK received calls following the incident. The British Geological Survey (BGS) initially gave the magnitude for the 12.56am earthquake as 5.3 on the Richter scale but has now said it was closer to 5.2. It said the centre was 8km east of Market Rasen, Lincolnshire, and 22km south west of Grimsby. Seismologist Dr Brian Baptie of the BGS said: "This is a significant earthquake for the UK and will have been widely felt across England and Wales." The BGS said it records around 200 earthquakes in the UK each year - an eighth of which are able to be felt by residents. It said earthquakes of this size occur in the mainland UK around every 30 years but are more common in offshore areas. Wednesday's quake is the largest since 1984 when an earthquake measuring 5.4 on the Richter scale shook the Lleyn Peninsula of north Wales and was widely felt across England and Wales.