Avoid Costly Water Damage ClaimsFriday, April 26th, 2019, 10:03 am
Water damage claims are quickly becoming more and more common, accounting for a large portion of all property damage claims. They are one of the costliest disasters your home can experience with the average cost of a claim doubling in the last few years and ranging anywhere from tens of thousands to several hundred thousand dollars. Serious damage can result from ice damming over the winter months, burst pipes, machinery breakdown, faulty hoses, etc.
Having to deal with a water damage claim is a major inconvenience for you. The recovery process from water damage involves:
- Major construction.
- Handling the process of replacing damaged goods.
- Finding temporary housing outside of your home.
- Possibility of mold.
- Paying higher insurance rates.
- If the insurance company believes there is a great likelihood of this reoccurring you may have difficulty getting insurance.
As your trusted insurance advisor, we want to keep you informed and help you protect your home. Maintaining your home is one of the best ways to prevent water damage:
Protect your Home’s Interior:
- Know the location of the main water shut-off valve in your home in case of an emergency.
- Consider investing in a water leak monitoring device or shut-off system. These systems can alert you to any leakage issues and automatically turn off water supply in the event of a leak. These systems can greatly reduce the extent of damage.
- Have the hoses on your homes appliances inspected annually to make sure they do not have cracks, leaks or damage (water heaters, dishwashers, washing machines and refrigerator icemakers). Hoses should be replaced every five to seven years.
- While traveling, shut off the water supply to the washing machine.
- Have a professional perform regular maintenance on your furnace and hvac systems.
- During winter travel, keep your house heated at a minimum of 65 degrees to reduce the chance of pipes freezing. Consider installing an emergency pressure release valve to protect against increased pressure caused by freezing pipes. This can help prevent your pipes from bursting.
Protect your Home’s Exterior
- Inspect your roof for missing, damaged and aging shingles and make necessary repairs.
- Maintain your downspouts. Remove debris that may have accumulated in downspouts and rain gutters. Make sure water drains away from your home. Be sure downspouts are pointing away from the base of the home.
- Check sprinklers and irrigation systems to be sure they are not creating water damage to the walls or foundation of your home. During winter months, turn off and drain outside faucets to protect against frozen pipes.
- Caulk and seal windows to guard against water seepage.
Protect your possessions
- Store belongings in waterproof bins, especially in areas where there are plumbing pipes or areas that are prone to dampness, such as basements and attics. Use shelving to keep belongings off of the floor in basements so that they are less likely to get damaged.
- Never store valuables or memorabilia in an area that is susceptible to the risk of destruction from water. Water and dampness also bring with it the threat of mold damage.