According to the Insurance Information Institute, 23.8% of all insured homeowners' losses were in the "Water Damage and Freezing" category with an average claims value of $ 10,849. About one in 50 insured homes has a claim for "Water damage or freezing" every year.
So what should a homeowner do?
Consider using a "smart" leak detector and a water shut-off valve that use your home WiFi network to prevent or mitigate water damage. "Smart" leak detectors use complex algorithms in combination with wireless leakage sensors on your water system to detect leaks as small as a single drop of water. Upon detection of a leak, the detector immediately sends a signal to a water shut-off valve to turn off the water supply.
The leak detectors can also feel freezing. integrated in a central alarm system and notify the homeowner of any leaks or potential for frozen pipes via a smartphone app.
A premium credit can be offered for a water shut-off system monitored by a qualified Central Station facility. Please contact your OceanPoint agent to determine if you are getting a premium credit .
There are usually two installation styles:
Professionally installed systems : the shut-off valve is installed directly on the water main and communicates with the wireless leak sensors via the WiFi network. It offers the homeowner the option to turn off the water via a smartphone app or turn off the water automatically when it senses leakage, high water usage or the risk of frozen pipes.