Water damage is the second most common reason for homeowners to file claims with their insurance companies; only home fires are associated with more damage and more claims. Water damage can stem from a variety of sources, including leaking water heaters, ruptured washing machine hoses, leaky pipes and failed plumbing systems. These leaks can cause flooding that can stain ceilings, warp floors and destroy personal property anywhere in the home.
Another consequence of leaks and water damage: mold. Indoor mold is an additional source of damage that, according to the Insurance Information Institute, costs the average $3,000 to $4,000; while water damage combined with mold yields homeowner insurance claims ranging from $15,000 to $30,000.
Mold can damage walls, stain ceilings, ruin carpeting and damage home ventilation systems.
Mold also has the potential to damage personal items, including personal electronics, clothing with sentimental value (such as a wedding dress) and fine art.
Not only is mold almost impossible to remove, it contributes to poor air quality in the home, which can cause health problems for homeowners with allergies or asthma. Even non-allergic individuals may experience skin and eye irritation or respiratory problems in moldy environments. Although visible mold can be cleaned from walls, and moldy rugs can be replaced, homeowners with mold problems must consider how to reduce or control the moisture content in the home.
An automatic water shut-off system can help stop mold before it starts by identifying leaks before they lead to major water damage. One example of such a system, FloLogic, acts as a circuit breaker for home plumbing. The System shuts off the water when it detects a leak, whether it is a pinhole leak, running faucet or malfunctioning appliance causing a flood. The FloLogic System automatically shuts off the water and alerts the homeowner with an alarm so the leak can be identified and repaired as soon as possible, limiting the water damage.
Homeowners who install and use a system such as FloLogic may be able to avoid the costly insurance claims associated with water damage. Some homeowners' insurance companies recognize the benefits of such systems and may offer discounts to homeowners who install devices to protect against water damage.
Visit www.flologic.com for more details about how the FloLogic System works.