Many insurance policy holders are getting a big surprise when they receive their upcoming renewal notices.
The news in a nutshell?
Losses on the part of insurance companies are finally being seen in premium increases in renewal notices... AND as important, if not more so:
insurance companies are also pulling out of certain states or disallowing new and policy renewal approvals.
Why the sudden action on the part of carriers?
Small drips can turn not only into wasted water and increased utility costs but also into a nightmare water damage insurance claim. The EPA says 10% of homes have water leaks that exceed 80+ gallons/day. Yes, per DAY.
Some leaks are visible and can be taken care of, but other leaks can be covered and unknown to homeowners. These are the ones more likely to cause unforeseen structural damage to your home but there are ways to detect them before that happens.
How can you find these hidden leaks before they cause damage? Check these places: