Homeowner’s Insurance and Water damage
Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claim……
- Relatively few homeowners are taking basic preventive measures. Only 17% of homeowners said they have a water sensor in their homes. In comparison, 84% have smoke detectors, 51% have fire alarms, 48% have security cameras and 34% have burglar alarms.
- Higher net-worth homeowners are more willing to invest in preventive measures. However, only 22% of homeowners with incomes of greater than $100,000 have water sensors in their homes.
For more on this story go to https://www.insurancejournal.com/news/national/2023/10/02/742485.htm
The Lesson here is:
Make sure you have the right coverage. Do you have the right coverage? We strive to make sure that you are covered.
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