Envision Financial

Water Damage Tips for Homeowners

Expert tips to help homeowners guard against water damage

For many people, home insurance is most often associated with protection against fire, or robbery, or perhaps natural disasters like earthquakes or storms. It may come as a surprise to some that water damage is the number one source of danger to a Canadian home. According to the Insurance Bureau of Canada, water damage has surpassed fire as the leading cause of personal property claims in Canada, and in last year alone, 30,000 homes across the country experienced some form of water damage.

As a homeowner, it’s vital to be aware of the impact that water damage can have on your home and your bottom line. You may not realize that it only takes about an inch of water to cause significant damage to your possessions, damage the structural integrity of your home and even lower the value of your home. To help you protect yourself from water damage, we’ve got some simple tips to keep your home safe and dry.

Nip it in the bud

Sometimes it’s the simple things that make the most difference. Routine maintenance of your house like replacing any weathered or worn caulking or grout around your bath tubs, sinks or toilets can help stop most problems before they start. When the caulking starts wearing thin, water can seep into your walls allowing mold to infiltrate and eventually causing water damage.

Go tank-less

If your hot water tank is more than 10 years old, it’s probably time to get a new one. There are a lot of options out there now—you may want to consider one of the new tank-less models as they’re much better for the environment, and with no stored water, there’s a smaller chance of water damage to your home.

Set it and forget it

Planning any vacations or time away from home in the next few years? You may want to consider installing a water shut-off sensor for those times when no one is home. The sensor will automatically send you an alert and then shut off the main water supply when it’s not in use so that you have peace of mind that you won’t be coming home to a swamp after your holidays.

Help or hindrance?

You may think you’re getting ahead of the game by running a couple loads of laundry or dirty dishes while you’re out, but you should be aware that many dishwashers and washing machines are prone to leaks. It would be unfortunate to run these machines when no one is home in an effort to save time, only to come home to potential disaster. However, regular maintenance on these appliances such as replacing your worn out rubber lines with new braided metal ones can definitely help to prevent accidents.

Make sure everyone knows how to use the shut-off valve

Everyone in your family should know where the main shut-off valve is in the home, and be able to access it. If there’s a leak, the first step is always to shut off the water supply. Time is of the essence and when you’re trying to contain a leak, having a clear path to the water valve can potentially save you thousands of dollars in damages.

Finally, to ensure you’re fully covered, come see one of our insurance experts at Envision Financial and make sure your home insurance policy has the coverage you need to protect your home from the hazards of water damage. We’re here to help.