The average water leak goes undetected for more than 75 days, causing serious damage to homes and commercial buildings, and water damage claims account for $13 billion in annual losses for insurers, according to EMC Security. (Credit: Steve Cukrov/Shutterstock.com) The average water leak goes undetected for more than 75 days, causing serious damage to homes and commercial buildings, and water damage claims account for $13 billion in annual losses for insurers, according to EMC Security. (Credit: Steve Cukrov/Shutterstock.com)

Water damage or freezing pipes was the second leading cause of home insurance claims from 2016 to 2020, according to the Insurance Information Institute (Triple-I). Smart home water sensors are early detection systems that find leaks inside and outside the home before they get out of hand. Some insurers reward insureds who install and use water monitoring devices with discounts.

Partnerships

Mercury Insurance has partnered with Flume Water Monitor to reduce water leaks. Policyholders save 25% on the retail price of the smart home device and may be eligible for a discount if they live in a qualifying state. The discount applies for as long as the device is active on the property.

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Ashley Hattle-Cleminshaw

Ashley Hattle-Cleminshaw serves as ALM's PropertyCasualty360 Senior Editor. She brings 10 years of experience in journalism and communications to the editorial team. Reach her by sending an e-mail to [email protected].

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