Property damage caused by old or faulty plumbing is one of the most common home insurance claims. More than 2,500,000 homeowners each year feel the effects of water damage and spend billions of dollars in preventable losses. Valuables such as artwork, antiques, computers and electronic data, photographs, and other heirlooms are often difficult or impossible to fully replace. Homeowners insurance can help ease the pain, but will not fully replace your valuable property or prevent the hassle and disruption associated with a flood loss.
You can protect your home from water damage and flood with an automatic water shut-off valve system. These systems are plumbed into your main water line in your home. A series of water sensors are placed at target leak locations in your home, such as bathrooms, near water heaters, under sinks and in laundry rooms. In the event that a leak is detected by an individual sensor, the signal is sent to the valve and the water supply is shut off to prevent excessive damage.
A licensed plumber can help install this equipment with minimal time and investment. Some insurance companies offer rate discounts for installing this kind of equipment.