For most of us, when we think about the causes of severe water damage to our homes, we think about extreme weather like a hurricane or torrential rains. But the unfortunate reality is that extensive damage is often the result of ordinary household plumbing systems and appliances that fail – and these can be just as destructive to your home as an extreme weather event.1
And this is no small threat when it comes to the landscape of risk management for homeowners. According to our company, Mercury Insurance, "More than 40% (yep, you read that right, 40!) of a home's premium is attributed to non-weather water peril. Due to water loss, homeowners may lose access to their kitchens or bathrooms and, in some cases, have to move out entirely for months.2
But there's an easy way to oversee this risk and, in most cases, avoid significant damage caused by non-weather water peril. Water leak detectors and leak prevention technology can be installed in your home, with custom sensitivity settings so you can prevent significant leak damage. These devices will even shut off the water if the leak passes a certain threshold, as determined by you.
And for Mercury homeowner policy holders, you'll even qualify for up to an 8% discount by installing one of these deviices on your home! Learn more about Mercury's program by visiting this page. If you're interested in participating, please reach out to the Barber Insurance team and we will order your device at cost, woohoo risk management!
Sources:
1 Insurance Information Institute (http://www.iii.org/press_releases/water-damage-whats-covered-whats-not.html)
2 Mercury Insurance (https://www.mercuryinsurance.com/leak-detection/faqs.html)