While most of us attempt to Protect ourselves from loss from a Fire and Burglary by installing detection systems for these events. However did you know that according to Fortune 500 Companies that your Ten Times more likely to take a loss from a Water Leak inside your place of Business or Residence than a Fire?

Take a gander at this article from the Insurance Journal .

Travelers Finds Water Damage Ten Times More Likely Than Fire

“”While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire.

Fortunately, much of this water-related damage can be prevented, and taking a few simple home maintenance steps can help increase the chances of keeping a property safe.

Travelers recently analyzed its homeowners insurance claims in North Carolina, excluding claims related to catastrophes, and found that damage caused by water accounted for 28 percent of its property claims in the state, compared to three percent for fire. Furthermore, of those water damage claims, weather accounted for only five percent, meaning that proper maintenance within the home may help homeowners avoid some of these problems.

“When considering annual household cleaning projects, it’s a great time to inspect and perform maintenance on household systems and appliances,” said Ron Stephens, Regional Vice President for Travelers. “Checking washing machine hoses, ice maker connections and the plumbing around water heaters are a few simple actions you can take to prevent both damages and a lot of headaches.”

After examining the most common causes of water damage for Travelers customers in North Carolina, claim and risk management professionals from Travelers have developed a number of easy steps homeowners can take to help avoid many of these non-weather-related water problems. The following list provides preventive measures to help avoid the top four common causes of non-weather related water damage:

Leaks from washing machine hoses: Washing machine hoses should be inspected annually and replaced every five years – or immediately, if there are any signs of cracking or bulging.

Leaky plumbing around water heaters: Plumbing should be inspected annually and repaired if there are any signs of leaks or corrosion. When possible, water heaters should be installed in an area with floor drains to minimize damage if leaks should occur.

Leaks from refrigerator ice machines: Ice maker connections, usually located behind the refrigerator, should be inspected annually and hoses replaced if they appear cracked or corroded.

Clogged drain lines on air conditioning units: Air conditioning drain lines should be checked yearly.”"

So what is a person to do if the leak is in the Wall or the Ceiling?  The best defense would be an Water Leak Early Detection System.  The Systems that we design, allows you to be able to detect the leak prior to major damage where the leaks in the past may have gone on and on for hours or days where enough time has passed that Mold has begun to grow inside the walls and ceilings.

This starts a whole new problem that is common in warmer climates, Black Mold.  The problem now becomes a greater issue of life safety for the building occupants.  Why? Because when one is exposed to Mold, it can be the  cause of  Respiratory Problems that can aggravate the lungs of one that has Asthmatic symptoms  or persons with C.O.P.D.  Also, not to mention the loss of money with the disruption of your business or the safety and comfort of your home.  Many times you have to go out and rent temporary accommodations until a Certified Mold Remediation Company can certify that your site is free of  Mold,  a huge added expense.

Pass this over to the Insurance Companies you say?

Well according to an article by the Kiplinger’s Personal Finance it mentioned : In a study by the California Insurance Department, 25% of the companies refused to renew the policies of customers  who made one or two nonwater-damage claims in the past three years. And 32% refused to renew policies for people who made one or two water-loss claims in the past three years.

Now maybe the thought is “Well I live in Florida!”

Notice what the Insurance Companies are attempting to do :

“Legislative leadership and the governor’s office are very clear what they expect from us as a board,” Lacasa said. (Lacasa is Citizens Chairman of the Board)

Citizens’ board is aggressively working to limit claims….Before the rate workshop, a Citizens board subcommittee took another step towards reducing coverage by recommending a $15,000 cap on water damage claims.

Aside from raising rates, Citizens is proposing ways to chip away at coverage, thus reducing its risks. For instance, the insurer wants to place a $15,000 limit on losses caused by various types of water damage. The company said water-related losses such as plumbing leaks represent the top cause of non-catastrophic and non-sinkhole losses it faces.”

So if your looking for a Solution to catch leaks before they get out of hand, then contact us on a Water Leak Detection System for your Property or Condo.  Contact our Call Center 561-880-5511 for a No Obligation Quotation Serving the Broward and Palm Beach Counties in South Florida.