Chubb Insurance undertook an analysis of their claim data from the past 10 years which revealed that the impact and cost of water damage losses in Australian homes are on the rise. They discovered that there has been little to no information on internal water damage, meanwhile the more newsworthy threats such as floods and fire have endless amounts of information.
Chubb has released that information in an insights report entitled Get Smart About Water Leaks which the below insert has been taken from.
"There are actually two main components to water leak detection devices: firstly, water sensors that detect a water leak in its infancy and, secondly, water shut-off devices which automatically shut off the water supply reducing the amount of water which can escape to cause damage. Each component can operate independently, however, with the two components combined, the likelihood of any water leak can be significantly reduced. Chubb strongly recommends that all homeowners consider installing these devices"
View the full report below.
