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Cyber Risk
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NJ Executive Order to Extend Insurance Grace Periods
April 10, 2020Floods are not the only way that water can damage your home. One of the top catalysts for a homeowners claim is damage from water leaks. A water leak sensor can not only help prevent water damage to your home, it can also get you a discount on your homeowners insurance policy.
How Does it Work?
There are several companies that manufacture these devices and, while each device will vary, generally these systems work by attaching a shut-off device to the water main, and then sensors that either monitor the flow of water or detect water outside of the pipes. In the event of a leak, the sensors trip the shut-off device and stop the leak.
What are the Advantages?
You mean other than saving your home from water damage? Below are just a few:
- Conservation of water
- Protect appliances
- And once again, potential savings on your insurance policy!
Interested in either learning about your eligibility? Contact Phoenix Insurance Group today.
Contributed by David Hauck
April 6th, 2020
dhauck@phxins.net
(908) 879-1428