Take a look at the most common and the most expensive causes of property losses. This study was conducted by Travelers over a period of 8 years. They have determined fire is ranked as the most expensive cause of loss. However the most frequent cause of loss is from wind claims. Ranked in 2nd for the most common loss is non-weather water losses which is also the 3rd most expensive as well. These losses are from plumbing, sewer, or appliance leaks and failures. We often recommend water leak sensors to our homeowner clients which can detect small amounts of moisture and alert you of a leak. You can find inexpensive sensors at amazon such as these from First Alert. If you have a centrally monitored alarm system in your home many companies offer sensors that can be integrated to alert you just as smoke detectors.
We hope you enjoy our Tuesday Tips and please share with your friends and family. Have questions give us a call 410.651.1111 or 410.749.2220.
Stay safe insurance family,