While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire.
Fortunately, much of this water-related damage can be prevented, and a few simple home maintenance steps can help increase the chances of keeping a property safe.
Travelers recently analyzed its homeowners insurance claims in North Carolina, excluding claims related to catastrophes, and found that damage caused by water accounted for 28 percent of its property claims in the state, compared to three percent for fire. Furthermore, of those water damage claims, weather accounted for only five percent, meaning that proper maintenance within the home may help homeowners avoid some of these problems.
The top four common causes of non-weather related water damage are:
- Leaks from washing machine hoses
- Leaky plumbing around water heaters
- Leaks from refrigerator ice machines
- Clogged drain lines on air conditioning units
Topics North Carolina Homeowners
Was this article valuable?
Here are more articles you may enjoy.
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Bessent Says Hormuz Ships Insurance Program to Start Soon 
Chevron Warns California Risks Fuel Crisis Unless Iran War Eases 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati From This Issue
