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Insurance Industry In Central Florida; Water & Plumbing Leaks

December 22nd, 2024|

When it comes to plumbing leaks and water damage, insurance claims can be confusing to both home and business owners. A recent study showed most household water damage is caused by appliance or plumbing failure, bursting pipes, pluming failure or hose accounted for 62 percent of water damage, appliance failure, such as a dishwasher leak accounted for 30 percent and flood claims accounted for 8 percent. Finding that water leak before it causes extensive damages can be frustrating. According to an ACE Insurance Underwriters study showed water damage caused $9.1 billion dollars in property loss over a three year period. [...]

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