This presentation discusses the extent of the plumbing leaks in American homes. The problem is not limited to very old homes. It also introduces you to a technology solution to help identify leaks early before they do much damage.
11. Insurance claims for water damage caused by
leaky and ruptured pipes is on the rise.
12. Water leaks are a far greater risk to damaging
a home than theft.
13. • Insurance claims caused by water damage is the 2nd most frequent
claim and quickly approaching the 2nd most costly claim.
Cause of loss Claim
frequency
Avg Claim
Fire 0.38 $39,791
Wind 3.13 $8,041
Water damage 1.86 $7,958
Theft 0.47 $3,786
Water damage claims
increasing since 2010
• Water damage is a far greater risk than home theft. Yet most of the
technology has been focusing on security systems and cameras.
Cause of loss Claim
frequency
Avg Cost per
Claim
Fire 0.38 $39,791
Wind 3.13 $8,041
Water damage 1.86 $7,958
Theft 0.47 $3,786
Water leaks are the 2nd most frequent claim
and almost the 2nd most costly claim.
14. Despite water leaks being a greater risk to the
home than theft, home owners and
technology advancements have focused on
anti-theft security systems.
26. Because of hard water and alkalinity,
substandard materials,
and poor construction workmanship,
the expected life of pipes is between
30 to 40 years.
27. Thus most homes are approaching or
exceeded the expected life of their plumbing.
28. What happens if you have a newer home
built with polybutylene aka plastic pipes?
29. The expected life of these plastic pipes is less;
with estimates being as low as 15-20 years.