According to a recent survey by Chubb, most people don’t think about shutting off the water main when they go away on vacation. However, that one small action can save you from tremendous hassle and cost due to water damage. Since water damage accounts for more claims than fire and theft, it may be wise to take a minute and shut off the water before you leave.
To see how much you know about water damage – and how likely you’ll experience it – answer the questions below:
If you said yes, you are one of only 22% who do, despite the fact that 88% know where the water main is and how to turn it off.
If you said August, you were among only 8% of people who got the answer correct. Evidently, most people go away on late-summer vacations and forget (or don’t know) to turn off the water main.
If you have, you’re a step ahead of most – and well on your way to having a dry, comfortable home to come back to after vacation. Surprisingly, only 18% of those surveyed have installed a water leak detection device.
According to the Chubb survey, 91% of homeowners rate themselves “vigilant” or “doing an okay job” of preventive home maintenance. However, close to half have experienced a water leak in the last two years. Let’s hope your preventive maintenance works better than most.
Of the home owners who have experienced a leak in the last two years, 57% spent $5,000 or more on cleanup and repairs, and 15% spent $20,000 or more. The cost of a water leak detection system is minimal comparatively.
If you have, that’s great. The surest way to prevent a water leak is to keep your appliances in good order – and inspect them periodically to make sure there are no issues.
Plumbing supply systems post the greatest risk of water leaks. However, the majority of homeowners didn’t know this. Close to half (49%) thought the water heater was the most likely candidate for a water leak.
Contact a broker today.