Water Damages Cost Time and Money
1
$89,000 was the mean loss of commercial water damage claims in 2019.
2
A drip at the rate of one per second will waste over 3,000 gallons per year.
3
One leaking toilet can account for 3 to 5 gallons of water lost each MINUTE.
4
Water damage claims are more than 50% of all commercial real estate insurance claims.
5
Toilets are the primary internal cause of water loss in commercial buildings.
6
Of all money awarded for insurance claims, 75% comes from water damage.
7
On average, water damage costs 3 times as much as a claim that does not involve water damage.
8
Some insurance companies offer discounts to commercial policyholders who install water leak detection systems.
9
Insurance companies quote there are over 300 daily leaks in US commercial buildings.
10
According to The American Insurance Association, water leaks result in property losses of over $10 billion annually.
Sources and Where to Learn More:
https://www.epa.gov/watersense/fix-leak
http://www.leakpreventionpros.com/insurance-discounts.php
https://www.nicb.org/newsroom/news-releases/slight-increase-in-water-damage-claims
https://awrusa.com/news-and-articles/articletype/articleview/articleid/369