Water is the #1 risk to your home
A homeowner is 12 times more likely to have water damage than a fire and 3 times more likely to experience water damage than a theft.
Source: Canadian Institute of Actuaries.
Faced with increased claims and cost of repairs, insurance companies have recognized the value of leak detection solutions. Many leading insurers offer discounts of up to 15% to policy holders for the installation of leak detection/mitigation solutions.
While coverage varies, many insurers offer a maximum discount for solutions that include 24/7 monitoring and automatic shutoff at the water main.