An estimated 12 percent of the water that supplies U.S. houses is wasted on leaks, spilling more than 775 billion gallons of water each year. Here are some pragmatic and technological steps toward fighting the resource waste and financial burden of plumbing leaks.
According to the Insurance Industry Institute, water damage and freezing is the second most common home insurance claim filed, with the average claim totaling $8,861. In fact, frozen pipes are a significant contributor to the more than $10 billion in annual insurance claims paid out due to plumbing leaks.
“I have insurance, I don’t need a leak control device.” If you’ve ever thought insurance is the only safety net you need to protect your home, you aren’t considering the long-term cost implications of using your coverage to repair water damage from a plumbing leak.