Did you know that 80% of insurance claims are related to water damage? Every time I share this with a client, their jaws drop. It’s no wonder that I and other insurers predict that leak detection systems will soon not only be recommended but will be required. There are many benefits in installing a leak detection system, but one that is most surprising is that they are not as expensive as you would think. They are also very cost effective.
Once exclusive to industrial settings, leak detection systems are used for identifying and preventing leaks, mitigating potential hazards, and preserving valuable resources.
The growing significance of leak detection systems for homes lies in their clear benefits. Leaks in homes can result in substantial damage such as structural problems. A leak detection system acts like an early warning, helping you address leaks quickly and avoid long-term damage. Moreover, these systems contribute to environmental protection by saving water, not only benefitting the planet but also your wallet. With its focus on early identification, a leak detection system becomes an invaluable tool to avoid family disruption.
To successfully implement leak detection systems in homes, certain key requirements must be considered before purchasing. Firstly, these systems should be user-friendly, allowing any homeowner to easily understand and operate them. Look for systems with simple interfaces and clear alerts to enable swift action in the event of a detected leak. Additionally, integration with smart home technology may be something you are looking for, offering real-time peace of mind by easily checking your phone for leaks. Customisation is also essential, considering the diverse layouts of homes; a good leak detection system should be adaptable to specific home environments, whether it is a basement prone to flooding or a kitchen with multiple water fixtures.
By investing in a reliable system that aligns with the unique needs of your home, you can prevent disaster and embrace a smarter way to protect what matters most.
Author Bio
Richard Moxon has over 25 years Private Client industry experience and joined Hayes Parsons Insurance Brokers in 2021 to develop our private client business. Prior to joining, Richard was Managing Director at Marsh, running their landed Estates and Private Business and then their Education Practice.
At the start of 2024, Richard was promoted to Hayes Parsons’ Private Client Director.
