water leak detection

10 Quick Facts About Water Leaks

  1. $89,000 is the 2019 mean loss of commercial water damage claims. 
  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 major internal cause of water losses 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. Insurance companies quote that there are over 300 daily leaks in US commercial buildings.
  9. Some insurance companies offer discounts to commercial policy holders that install a water leak detection system.
  10. According to The American Insurance Association, water leaks result in property losses amounting to over $10 billion annually.

Sources:

https://www.epa.gov/watersense/fix-leak

http://www.leakpreventionpros.com/insurance-discounts.php

https://www.zurichna.com/en/knowledge/articles/2015/10/cure-for-water-damage-offices-habitational-facilities

https://www.nicb.org/newsroom/news-releases/slight-increase-in-water-damage-claims

https://awrusa.com/news-and-articles/articletype/articleview/articleid/369

http://www.leakpreventionpros.com/insurance-discounts.php

www.chubb.com/u

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