Almost 50% of home insurance claims are water related
4 of 10 claims will relate to general water damage 3 out of 10 claims will result from overland flooding 2 out of 10 claims will relate to sewer backup 1 out of 10 claims will relate to roof leakage
The insurance industry’s response to the extreme weather of the past several years requires that you immediately review the coverage for your home or property in order to better understand what is covered.
Due to the fact that over the last decade water has become the leading cause of home-insurance claims, insurers are constantly revising and adjusting the their policies. If they haven’t already reduced your coverage or raised deductibles as of yet, rest assured it will be a matter of time.
If you’ve ever owned a home or property, you should be reasonably aware that water related damages are always a clear and present danger.
- Leaky pipes or appliances
- Blocked toilets
- Melting snow
- Frequent rain storms
- Foundation cracks
- Overloaded sewers
What to do
In addition to having a better understanding of your policy, is wise to put measures in place that can help limit or in some cases even prevent water related damages. Today’s solutions are smarter and more efficient technologically and financially. Foxsecur can provide smart solutions that work in your favor, such as camera systems that monitor your property internally as well as externally. We can install water leak detectors equipped with moisture/detection sensors that are strategically placed in areas that are more prone to water damage.
- Under sinks.
- Near water heaters.
- In basements.
- Under washing machines.
- Near dishwashers and refrigerators.
- Under fish tanks.
- Near plumbing and toilets