Sep 15, 2017
If you think about water damaging your home, you might conjure up an image of a hurricane, torrential rain or other natural catastrophe. The unfortunate reality is that damage that is caused when ordinary household appliances fail can be just as destructive as an extreme weather event.¹
According to the Insurance Industry Institute, water damage accounts for billions of dollars in losses to homeowners and renters each year. It is also responsible for about 25 percent of all property insurance claims. In fact, Travelers Claim data suggests that water is ten times more likely to damage your home than fire.
Fortunately, there are steps that you can take to help prevent water damage from appliances, and protect your home.
¹ Insurance Information Institute (http://www.iii.org/press_releases/water-damage-whats-covered-whats-not.html)