Water Damage: An Easy Fix Can Minimize Disruptions To Your Home Life
Water-related claims have increased 300% in recent years, making water damage THE #1 loss for homeowners – and not just in flood-risk areas. Heavy rain can cause significant water infiltrations as well as unpleasant sewage backups. But strong unpredictable storms are not in the only risk. Water damage unrelated to weather accounts for nearly 40% of all homeowners insurance claims. For example, leaks from burst pipes, water heaters and appliances can go undetected until they become a big problem.
Why this matters
The big spike in these kinds of claims is bringing changes to insurance coverage. It’s also calling for homeowners to be more proactive.
While the right insurance will keep you from financial setbacks, it cannot prevent the loss of invaluable belongings or the stress and time-consuming hassles of replacing damaged property and dealing with mold, repairs, or even temporary changes to your living situation.
These disruptions can drag on for months.
How to gain peace of mind
Preventative measures can help you get access to better insurance coverage and qualify you for discounted policy rates.
The easiest and quickest solution is to install leak detection sensors and water shut-off devices. At the first sign of a leak, these devices shut off your home’s water lines and alert you on your phone, helping you minimize damage.